In re Appraisal Solera Holdings, Inc.

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July 30, 2018
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expert testimony, fair value, mergers and acquisitions (M&A), discounted cash flow (DCF), merger price, statutory appraisal, private equity, synergy, projections, going concern value, ''Dell compliant''

In re Appraisal Solera Holdings, Inc.
2018 Del. Ch. LEXIS 256
US
State Court
Delaware
Court of Chancery of Delaware
Bradford Cornell (plaintiffs); Glenn Hubbard (respondent/company)
Bouchard

Summary

In an appraisal proceeding, the Chancery finds the deal price minus synergies provides the best evidence of fair value; court says there was an efficient market and the sales process, though not perfect, was able to deliver the value generated in an arm’s-length transaction.
In re Appraisal Solera Holdings, Inc.
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See Also

Delaware Chancery Says Reasonably Sound Sales Process Delivered Fair Value

In an appraisal proceeding, the Chancery finds the deal price minus synergies provides the best evidence of fair value; court says there was an efficient market and the sales process, though not perfect, was able to deliver the value generated in an arm’s-length transaction.