DFC Global Corp. v. Muirfield Value Partners, L.P. (II)

BVLaw
Full Text of Court Cases
August 1, 2017
6141 Personal Credit Institutions
522291 Consumer Lending
dissenting shareholder
expert testimony, fair value, gordon growth model, discounted cash flow (DCF), merger price, statutory appraisal, private equity, projections, growth rate, working capital, comparable companies method, going private

DFC Global Corp. v. Muirfield Value Partners, L.P. (II)
2017 Del. LEXIS 324
US
State Court
Delaware
Supreme Court
Kevin F. Dages (petitioners); Daniel Beaulne (company-respondent)
Strine

Summary

State Supreme Court declines to create presumption for appraisal actions that deal price is best indicator of value when merger was arm’s-length transaction, but court finds Chancery’s valuation approach lacked support in record and requires revaluation.
DFC Global Corp. v. Muirfield Value Partners, L.P. (DFC Global II)
PDF, Size: 787 KB

See Also

High Court Finds Chancery’s Weighting of Values Unexplained and Inexplicable

State Supreme Court declines to create presumption for appraisal actions that deal price is best indicator of value when merger was arm’s-length transaction, but court finds Chancery’s valuation approach lacked support in record and requires revaluation.