NAV Alone Fails to Capture Distributional Interest’s Fair Value

Business Valuation UpdateVol. 23 No. 7
BVLaw Case Update
July 2017

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0191 General Farms, Primarily Crop
111998 All Other Miscellaneous Crop Farming
judicial dissolution
expert testimony, fair value, net asset value, buyout, capitalization of earnings, capitalization rate, discount for lack of marketability (DLOM), going concern, minority discount, distribution, dividends, holding company, revenue rulings (RR)
Schewe v. Schewe Farms
2017 Ill. App. Unpub. LEXIS 797
April 18, 2017
US
State Court
Illinois
Appellate Court
Luke Waller (dissociating members/sellers); Paul Osborne (remaining members/buyers)
Overstreet

Summary

Appellate court affirms fair value determination of distributional interest in family farm based on multiprong valuation; company is not a holding company, and net asset valuation alone fails to capture fair value of dissociating members’ interest.

See Also

NAV Alone Fails to Capture Distributional Interest’s Fair Value

Court Case Digests
April 18, 2017

Appellate court affirms fair value determination of distributional interest in family farm based on multiprong valuation; company is not a holding company, and net asset valuation alone fails to capture fair value of dissociating members’ interest.