Fair Value Cannot Be Determined Using Net Asset Value Alone

Business Valuation Update BVLaw
Legal and Court Case Update
March 7, 2000

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6719 Offices of Holding Companies, NEC
551112 Offices of Other Holding Companies
shareholder dissent/oppression
fair value, net asset value, american institute of certified public accountants (AICPA), cash-out merger
Paskill Corp. v. Alcoma Corp.
747 A.2d 549,2000 Del. LEXIS 117
US
State Court
Delaware
Supreme Court
Holland

Summary

The Delaware Supreme Court ruled that a corporation valued pursuant to the appraisal statute could not be valued solely by reference to its net asset value because net asset value equates to the theoretical liquidation value. The statute states that a bu ...

See Also

Paskill Corp. v. Alcoma Corp.

Full Text of Court Cases
March 7, 2000

At issue is the fair market value of minority shareholder's stock at the time of a merger.