In re Answers Corp. Shareholders Litigation

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Full Text of Court Cases
April 11, 2011
dissenting shareholder

In re Answers Corp. Shareholders Litigation
2011 WL 1366780 (Del. Ch.)
US
State Court
Delaware
Court of Chancery
Mary O’Connor (plaintiffs); UBS (company defendant)
Noble

Summary

DE Chancery Court approves sale of hard-to-value internet company, even though lack of any long-term forecasts prevented DCF analysis, and fairness opinion had to rely on market approach despite lack of truly comparable public companies.
In re Answers Corp. Shareholders Litigation
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See Also

Fairness Opinion Flawed For Rejecting DCF for Hard-to-Value Company?

DE Chancery Court approves sale of hard-to-value internet company, even though lack of any long-term forecasts prevented DCF analysis, and fairness opinion had to rely on market approach despite lack of truly comparable public companies.