Court Uses DCF to Determine Fair Value of Dissenter's Shares

Business Valuation UpdateVol. 4 No. 2
Legal and Court Case Update
February 1998
3672 Printed Circuit Boards
334412 Bare Printed Circuit Board Manufacturing
shareholder dissent/oppression
fair value, capital asset pricing model (CAPM)

Gilbert v. MPM Enterprises
709 A.2d 663, 1997 Del. Ch. LEXIS 141
September 29, 1997
US
State Court
Delaware
Court of Chancery
Patricof & Co. Capital Corp. (for Gilbert)<br>Advest, Inc. (for MPM)
Steele

Summary

Petitioner dissented from a merger agreement and pursued his statutory right to an appraisal of his 8% interest in MPM Enterprises Inc., a company that manufactures screen printers for the surface mount technology industry.

See Also

Gilbert v. MPM Enterprises

At issue is the shareholder's right to appraisal of the fair value of his shares and compound interest on that fair value from the date of merger to the date of payment.