Disclosure of Valuation Method Not Required

Business Valuation Update BVLaw
Legal and Court Case Update
November 25, 1998

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6719 Offices of Holding Companies, NEC
551112 Offices of Other Holding Companies
breach of fiduciary duty
due diligence, valuation methods, fairness opinion, tender offer
Matador Capital Management Corporation v. BRC Holdings, Inc.
729 A.2d 280, 1998 Del. Ch. LEXIS 225
US
State Court
Delaware
Court of Chancery
Thomas Davis (for BRC Holdings)
Lamb

Summary

Plaintiffs, shareholders of defendant BRC Holdings Inc. (BRC) sought a preliminary injunction prohibiting the consummation of a planned tender offer followed by a merger of BRC and defendant ACS Acquisition Corp. (ACS).

See Also

Matador Capital Management v. BRC Holdings, Inc.

Full Text of Court Cases
November 25, 1998

At issue is the board's failure to protect shareholder's interest and maximize stock value during a merger.