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
Related
An emergency rule of Rhode Island CRLB went into effect this morning “in response to the State of E...
Read More >
The German M&A/PE market was off to a good start in 2020, but then the COVID-19 pandemic hit, unsett...
Read More >
The US Department of Agriculture (USDA) issued a Notice of Availability and Request for Public Comme...
Read More >
The global communications firm Edelman published their annual Edelman Trust Barometer in January. As...
Read More >
While litigation against special purpose acquisition companies (“SPACs”) has been historically rar...
Read More >
The Coronavirus which causes the disease COVID-19 (“Coronavirus”) presents a plethora of challengi...
Read More >