Since the Delaware Supreme Court issued its landmark Dell
appraisal decision (see prior coverage
), the Delaware courts have issued three appraisal decisions—Aruba, AOL,
—which, unlike Dell,
assigned no weight to the deal price in setting fair value below the deal price. A Fried Frank M&A/PE Briefing
discusses the new trend of below-the-deal-price appraisal results, analyzes the likely practical impact, and offers related practice points.
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