Delaware Chancery Questions ‘Relative’ Valuation by Goldman Sachs That ‘Obscured’ Market Facts

Business Valuation UpdateVol. 17 No. 12
Legal and Court Case Update
December 2011
1099 Miscellaneous Metal Ores, NEC
breach of fiduciary duty

In re Southern Peru Copper Corp.
2011 WL 4907799 (Del. Ch.)
October 14, 2011
US
State Court
Delaware
Court of Chancery
Daniel Beaulne (plaintiffs); Eduardo Schwartz (defendants)
Strine

Summary

Delaware Chancery finds merger process and price tainted by “relative” DCF valuations that obscured “real world” market values and orders $1.3 billion in damages, based on its own calculation of DCF of acquired company.

See Also

In re Southern Peru Copper Corp.

Delaware Chancery finds merger process and price tainted by “relative” DCF valuations that obscured “real world” market values, and orders $1.3 billion in damages, based on its own calculation of DCF of acquired company.