Delaware Chancery Rejects DCF Analysis in Insurance Company Appraisal

Business Valuation UpdateVol. 13 No. 11
Legal and Court Case Update
November 2007

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6311 Life Insurance
524113 Direct Life Insurance Carriers
shareholder dissent/oppression
Highfields Capital, Ltd. v. AXA Financial, Inc.
2007 Del. Ch. LEXIS 126
August 17, 2007
State Court
Delaware
Court of Chancery
Bruce L. Silverstein, Dawn M. Jones, Edward J. Velazquez, Elena C. Norman, Haima Varadan Marlier, John O. Farley, John P. DiTomo, Kenneth J. Nachbar, Martin S. Lessner, Matthew J. Thaler, R. Todd Cronan, Susan Wood Waesco
Dr. Israel Shaked (petitioner); Peter C. Jachym (respondent)
Lamb

Summary

Delaware Chancery Court favors “shared synergies” and actuarial analysis in the fair value appraisal of an insurance conglomerate’s merger.

See Also

Highfields Capital, Ltd. v. AXA Financial, Inc.

Full Text of Court Cases
August 17, 2007

Delaware Chancery Court favors “shared synergies” and actuarial analysis in the fair value appraisal of an insurance conglomerate’s merger.