Highlights of 2019 Delaware Valuation Decisions

Business Valuation UpdateVol. 25 No. 11
November 2019
Gilbert E. Matthews, MBA, CFA
shareholder dissent/oppression
fair value, discounted cash flow (DCF), statutory appraisal, deal price

Summary

This year to date has been another active period for valuation cases in the Delaware courts. Six cases are reviewed and the predominant theme is that, in arm’s-length transactions, appraisal value continues to be based primarily on the transaction price rather than on discounted cash flow.