In re Southern Peru Copper Corp.

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October 14, 2011

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1099 Miscellaneous Metal Ores, NEC
breach of fiduciary duty
In re Southern Peru Copper Corp.
2011 WL 4907799 (Del. Ch.)
US
State Court
Delaware
Court of Chancery
Daniel Beaulne (plaintiffs); Eduardo Schwartz (defendants)
Strine

Summary

Delaware Chancery finds merger process and price tainted by “relative” DCF valuations that obscured “real world” market values, and orders $1.3 billion in damages, based on its own calculation of DCF of acquired company.
In re Southern Peru Copper Corp.
PDF, Size: 339 KB

See Also

Delaware Chancery Questions ‘Relative’ Valuation by Goldman Sachs That ‘Obscured’ Market Facts

Legal and Court Case Update
December 2011

Delaware Chancery finds merger process and price tainted by “relative” DCF valuations that obscured “real world” market values and orders $1.3 billion in damages, based on its own calculation of DCF of acquired company.

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