Why isn’t the merger price necessarily fair value? Listen to Delaware Chancery Court vice chancellor Travis Laster as he talks about Dell, DFC Global, and appraisal actions in a podcast from the Columbia Law School. Topics include the history of appraisal, when markets may depart from fair value, how appraisal may act as a reserve price, the discovery burden in appraisal, interest rates and the relevance of interest, how to determine fair value, and the future of appraisal.
Please let us know
if you have any comments about this article or enhancements you would like to see.