On April 17, 2019, the Delaware Supreme Court reversed a significant appraisal decision from the Delaware Court of Chancery in Verition Partners Master Fund, Ltd. v. Aruba Networks, Inc., No.
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Appraisal
DFC Global Appraisal – Delaware Supreme Court Remands Case
By Fox Rothschild LLP on
In the latest of a wave of appraisal opinions issued in Delaware, on August 1st, the Delaware Supreme Court reversed the highly-publicized DFC Global appraisal ruling, in DFC Global Corporation …
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Appraisal of Dell Inc.: Discounted Cash Flow Methodology Utilized
By Fox Rothschild LLP on
Today, Vice Chancellor Laster issued a lengthy 114 page opinion in connection with the appraisal of shares of Dell Inc. The Court of Chancery found that Michael Dell and Silver…
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Dell Inc. Appraisal – Technical Defect Dooms T. Rowe Petitioners
By Fox Rothschild LLP on
In the recent opinion of In re Appraisal of Dell Inc., C.A. No. 9322-VCL (Del. Ch. May 11, 2016), the Delaware Court of Chancery issued an opinion finding that…
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Appraisal Action – Merger Price Accepted
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In the recent decision of Merion Capital LP v. BMC Software Inc., C.A. No. 8900-VCG (Del. Ch. Oct. 21, 2015), the Court of Chancery accepted the merger consideration provided…
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Expert Witness Must Be a “Biological Person”
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In appraisal actions, expert witnesses are often retained by parties and serve very important roles in the determination of the value of a company’s shares. We recently highlighted a decision…
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Chancery Court Determines Fair Value of Merger Shares of Ancestry.com, Inc.
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In prior posts, we discussed the methodology employed by the Court in determining the fair value of shares under a challenge to a merger under 8 Del. C. § 262…
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Appraisal Proceedings: Interest Included in Calculation
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Under Section 262 of the Delaware General Corporation Law (“DGCL”), the Court is authorized to add simple or compound interest to the appraised value to a dissenting shareholder.
The Court…
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Valuation Methodologies in Appraisal Proceedings (Part II)
By Fox Rothschild LLP on
In a prior post, we discussed valuation methodologies utilized by the Delaware Court of Chancery. The Court of Chancery generally utilizes a discounted cash flow methodology in appraisal proceedings.
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Valuation Methodologies in Appraisal Proceedings (Part I)
By Fox Rothschild LLP on
If you own shares of a Delaware company that has been merged or consolidated, and believe that you have not been given fair value for your shares, then you may…
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