In re Answers Corp. Shareholders Litigation

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April 11, 2011

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shareholder dissent/oppression
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?

Legal and Court Case Update
July 2011

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.

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