Thank you for sharing!

Your article was successfully shared with the contacts you provided.
P. Clarkson Collins Jr. of Morris James. P. Clarkson Collins Jr. of Morris James.

The Delaware Supreme Court’s two recent decisions in Dell and DFC strongly endorsed the application of market efficiency principles in appraisal actions, and gave virtually controlling weight to the deal price as the “best evidence” of a company’s fair value where a robust sales process was conducted against the backdrop of a well-functioning market for the target’s stock.  In the wake of those two decisions, the Court of Chancery has issued a series of opinions considering whether deal synergies or the unaffected market price should be used to adjust the deal price downward to determine the going concern fair value. Chancellor Andre G. Bouchard in In re Appraisal of Solera Holdings Consolidation, C.A. No. 12080-CB (Del. Ch. July 30, 2018), provided further guidance about how to measure and deduct the value of the buyer’s synergies to arrive at the company’s fair value.

This premium content is locked for
Delaware Business Court Insider subscribers only.

*May exclude premium content
Already have an account?
Interested in customizing your subscription with Law.com All Access?
Contact our Sales Professionals at 1-855-808-4530 or send an email to groupsales@alm.com to learn more.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.