Fair Price for Delaware Fiduciary Actions Can Exceed Appraisal Fair Value

Business Valuation UpdateVol. 27 No. 5
May 2021
Gilbert E. Matthews, MBA, CFA
Matthew L. Miller
breach of fiduciary duty
fair value, breach of fiduciary duty, statutory appraisal, sales process

Summary

Can fiduciaries of Delaware corporations breach their duties and face damages for a merger that provides stockholders with the equivalent of fair value in a judicial appraisal? The answer may surprise you.