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
Further to the Decree of 29 November 2018, which expanded the list of strategic sectors, and to the ...
Read More >
Dear YouDig? Emergency! We are in the middle of digging some deep trenches for an Ohio sewer proje...
Read More >
In House v. Akorn, Inc. the United States District Court for the Norther District of Illinois Easter...
Read More >
In Pennsylvania, the Workers’ Compensation Act is considered a remedial act that is to be liberally...
Read More >
Failure to name a necessary party when challenging a land use determination may result in dismissal,...
Read More >
In an interesting SEC FCPA settlement action, Sridhar Thiruvengadam, the former COO of Cognizant Tec...
Read More >