24Aug
Chancery Values Non-Public Company with No Reliable Market-Based Data Using Discounted Cash Flow Analysis
Kruse v. Synapse Wireless, Inc., C.A. No. 12392-VCS (Del. Ch. July 14, 2020) - This case illustrates how appraisal works outside of the public market context when a lack of data hinders a reliable valuation. Here, stockholder William Richard Kruse (“Kruse”) sought appraisal of his shares of SynapseWireless, Inc. (“Synapse”), a privately-owned corporation. McWane Inc. (“McWane”) acquired Synapse in two rounds of investments: McWane, first, acquired a controlling interest in 2012, and, then,...
By:
Morris James LLP
Related
The Ministry of Labor and Social Security (MTSS) issued technical report number DNE-DML-OF-237-2019,...
Read More >
The year 2020 was an eventful one in the world of healthcare antitrust. The year began with the anno...
Read More >
Cornrows or locs may not fit your corporate image, but be careful: state and local legislation prohi...
Read More >
On Wednesday, February 26th, the CDC reported the first case of COVID-19 where the source of the cha...
Read More >
On December 19, 2020, China's National Development and Reform Commission ("NDRC") and the Ministry o...
Read More >
The Second Circuit has held that employees who allege they were underpaid on the basis of their sex,...
Read More >