Chancery Validates Tax Affecting in Fair Value Case

Business Valuation UpdateVol. 21 No. 10
Legal and Court Case Update
October 2015
8999 Services, NEC
541990 All Other Professional, Scientific, and Technical Services
dissenting shareholder

Owen v. Cannon
2015 Del. Ch. LEXIS 165
June 17, 2015
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.

See Also

Owen v. Cannon

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.