Kendall Hoyd & Silver v. Trussway Holdings

BVLaw
Full Text of Court Cases
February 28, 2019
1522 General Contractors-Residential Buildings, Other Than Single-Family
236116 New Multifamily Housing Construction (except For-Sale Builders)
dissenting shareholder
beta, expert testimony, fair value, weighted average cost of capital (WACC), cash flow, discounted cash flow (DCF), intrinsic value, statutory appraisal, projections, comparable companies method, precedent transactions analysis

Kendall Hoyd & Silver v. Trussway Holdings
2019 Del. Ch. LEXIS 72, 2019 WL 994048
US
State Court
Delaware
Court of Chancery of Delaware
Gregory E. Scheig (petitioner); Prof. Jack F. Williams (respondent)
Glasscock

Summary

Delaware Court of Chancery finds DCF analysis is the best way to achieve fair value in a statutory appraisal case arising out of a contested merger; court’s analysis leans heavily on company expert’s analysis regarding contested inputs, including projections, beta, and terminal value.
Kendall Hoyd & Silver v. Trussway Holdings
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See Also

Court Chooses DCF to Determine Fair Value in ‘Straightforward’ Appraisal Case

Delaware Court of Chancery finds DCF analysis is the best way to achieve fair value in a statutory appraisal case arising out of a contested merger; court’s analysis leans heavily on company expert’s analysis regarding contested inputs, including projections, beta, and terminal value.