Another ‘Must-Read’ Decision From Delaware Chancery on the DCF, Discount Rate, and More

Business Valuation UpdateVol. 18 No. 10
Legal and Court Case Update
October 2012

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shareholder dissent/oppression
In re: Appraisal of The Orchard Enterprises, Inc.
2012 Del. Ch. LEXIS 165, 2012 Del. Ch. LEXIS 165
July 18, 2012
US
State Court
Delaware
Court of Chancery
Timothy Meinhart (shareholders/petitioners); Robert Fresnak (company/respondent)
Strine

Summary

Delaware Chancery Court confirms its preference for the DCF approach in a statutory appraisal action as well as the CAPM for calculating the discount rate and the supply-side ERP, but rejects an adjustment to the size premium to account for the latter.

See Also

In re: Appraisal of The Orchard Enterprises, Inc.

Full Text of Court Cases
July 18, 2012

Delaware Chancery Court confirms its preference for the DCF approach in a statutory appraisal action as well as the CAPM for calculating the discount rate and the supply-side ERP, but rejects an adjustment to the size premium to account for the latter.