Delaware’s Laster discusses the appraisal remedy

BVWireIssue #176-1
May 3, 2017

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.

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