City of Hialeah Emples. Ret. Sys. v. FEI Co.

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Full Text of Court Cases
January 25, 2018
3559 Special Industry Machinery, NEC
333249 Other Industrial Machinery Manufacturing
dissenting shareholder
discount rate, mergers and acquisitions (M&A), discounted cash flow (DCF), intrinsic value, management projections, fairness opinion, earnings before interest, taxes, depreciation, amortization (EBITDA), revenue forecasts

City of Hialeah Emples. Ret. Sys. v. FEI Co.
2018 U.S. Dist. LEXIS 11989
US
Federal Court
Oregon
United States District Court
N/A (plaintiff); N/A (defendants)
Simon

Summary

Court rejects dissenting shareholder’s proxy challenge, finding board member statements about management projections are protected under applicable act’s safe harbor provision; also, court says financial advisor’s fairness opinion did not double count for risk in underlying DCF analysis.
City of Hialeah Employees’ Retirement Sys. v. FEI Co.
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See Also

Financial Advisor’s Fairness Opinion Not Materially Misleading

Court rejects dissenting shareholder’s proxy challenge, finding board member statements about management projections are protected under applicable act’s safe harbor provision; also, court says financial advisor’s fairness opinion did not double count for risk in underlying DCF analysis.