31Jul
Delaware Supreme Court Upholds Unaffected Market Price in Statutory Appraisal Action
The Situation: Stockholders sought appraisal—judicial determination of the "fair value" of their stock—in connection with a merger. The Delaware Court of Chancery found that the fair value was equal to the company's unaffected market price, which was less than the deal price. The Delaware Supreme Court affirmed. Fir Tree Value Master Fund, LP v. Jarden Corp., 2020 WL 3885166 (Del. July 8, 2020). The Result: The unaffected market price may be the most reliable indicator of fair value where a...
By:
Jones Day
Related
Please join us on August 4, 2020 from 11:30 a.m. to 12:30 p.m. PT for “Key CEQA Compliance Consider...
Read More >
On June 13, 2019 the Department of Health and Human Services, Department of Labor and Department of ...
Read More >
In 2019, the U.S. Court of Appeals for the Second Circuit made headlines when it ruled that creditor...
Read More >
A new EU Directive, known as the "EU Whistleblowing Directive", that aims to enhance the enforcement...
Read More >
In the midst of the ongoing COVID-19 public health emergency, New Jersey-based builders, developers,...
Read More >
The question is no longer whether the volatility created by the COVID-19 pandemic will deepen the di...
Read More >