14Jul
Delaware Supreme Court Affirms Appraisal Ruling Relying On Unaffected Market Price To Determine Fair Value
On July 9, 2020, in an en banc opinion authored by Chief Justice Collins J. Seitz, Jr., the Delaware Supreme Court affirmed a decision by the Delaware Court of Chancery, which relied on the unaffected stock price of Jarden Corporation to determine its fair value in a post-merger appraisal action. Fir Tree Value Master Fund, LP v. Jarden Corp., No. 454, 2019 (Del. July 9, 2020). “Although it is not often that a corporation’s unaffected market price alone could support fair value,” explained the...
By:
Shearman & Sterling LLP
Related
For the last decade plus, merger has been a strategic choice for many law firms. The 2020 pandemic h...
Read More >
Gables Construction, Inc. v. Red Coats, Inc., No. 23, 2020 BL 193791, 2020 MD LEXIS 264 (Md. May 26,...
Read More >
A new law, which is called “SECURE” (Setting Every Community Up for Retirement Enhancement), appli...
Read More >
Welcome to the Great Women in Compliance Podcast, co-hosted by Lisa Fine and Mary Shirley. In this P...
Read More >
The State of New Jersey has passed several laws in the wage-hour area that are definitely pro-employ...
Read More >
On May 21, 2020, the Securities and Exchange Commission (the “SEC”) adopted amendments (the “Amen...
Read More >