Owen v. Cannon

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June 17, 2015
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dissenting shareholder

Owen v. Cannon
2015 Del. Ch. LEXIS 165
US
State Court
Delaware
Court of Chancery of Delaware
Yvette R. Austin-Smith (plaintiff/petitioner); E. Allen Jacobs (company/respondent)
Bouchard (Chancellor)

Summary

In statutory appraisal, Chancery affirms need for tax affecting in calculating projected free cash flows for DCF model; “operative metric” under Kessler model is amount of funds available for distribution to shareholders, not actual distributions made.
Owen v. Cannon
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See Also

Chancery Validates Tax Affecting in Fair Value Case

In statutory appraisal, Chancery affirms need for tax affecting in calculating projected free cash flows for DCF model; “operative metric” under Kessler model is amount of funds available for distribution to shareholders, not actual distributions made.