Delaware Sees DCF Approach as Best for Appraisal Action

Business Valuation UpdateVol. 12 No. 1
Legal and Court Case Update
January 2006
3823 Industrial Instruments for Measurement, Display, and Control of Process Variables; and Related Products
dissenting shareholder

Henke v. Trilithic, Inc.
No. 13155 (Del. Chan. 2005)
October 28, 2005
US
State Court
Delaware
Court of Chancery
Thomas G. Whalen Jr.
R. Victor Haas, ASA <br> Brett Margolin, Ph.D. <br>
Parsons, Jr.

Summary

The principal issue in this appraisal action was the fair value of dissenters’ stock in Trilithic Inc. (Trilithic), a close corporation that had merged with and into another corporation of the same name.

See Also

Henke v. Trilithic, Inc.

The Delaware Court of Chancery determined the fair value of an interest in a financially troubled closely held electronics manufacturer using a discounted cash flow method. In performing the valuation, the court considered issues involving management proj ...