Delaware Chancery Prefers 'Traditional’ Over ‘Intuitive’ DCF in Appraisal Action

Business Valuation UpdateVol. 13 No. 3
Legal and Court Case Update
March 2007

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6022 State Commercial Banks
522110 Commercial Banking
shareholder dissent/oppression
In re PNB Holding Co.
2006 Del. Ch. LEXIS 158
August 18, 2006
US
State Court
Delaware
Court of Chancery
Annaliese F. Fleming, Arthur T. Susman, Barack Ferrazzano Kirschbaum, Bruce E. Jameson, John R. Wylie, Matthew Hurst, Matthew T. Heffner, Ronald A. Brown Jr., Thomas A. Beck, W. Scott Porterfield
David Clarke (plaintiffs); Chris Hargrove (defendant)
Strine

Summary

Delaware Chancery prefers traditional DCF analysis over market approaches to calculate fair value for merger price.

See Also

In re PNB Holding Co.

Full Text of Court Cases
August 18, 2006

Delaware Chancery prefers traditional DCF analysis over market approaches to calculate fair value for merger price.