26Aug
Delaware Supreme Court Affirms Use of Unaffected Market Price to Determine Public Corporation’s “Fair Value” in Appraisal Proceeding
Fir Tree Value Master Fund, L.P. v. Jarden Corp., No. 454, 2019 (Del. July 9, 2020) - Adding to its appraisal jurisprudence, the Supreme Court of Delaware recently affirmed the use of the unaffected trading price of a public corporation’s stock to determine its “fair value” in the circumstances presented, while clarifying that “it is not often that a corporation’s unaffected market price alone could support fair value.”...
By:
Morris James LLP
Source Url: https://www.jdsupra.com/legalnews/delaware-supreme-court-affirms-use-of-97233/
Related
The headlines paint a bleak picture: “AI is here to take your job.” Automation will, undoubtedly, ...
Read More >
Welcome to the Founder Shares Podcast from Hutchison PLLC, where we share stories of what it’s like...
Read More >
A compilation of laws and regulations passed in California in 2019 with implications for businesses ...
Read More >
An “earnout” is a deal mechanism used in a merger and acquisition transaction (“M&A Transaction”...
Read More >
Over the past few months, an increasing number of owners have decided to halt, cancel or postpone th...
Read More >
On August 27, 2020, in Protecting Our Water and Environmental Resources v. County of Stanislaus, Cas...
Read More >