Fair Value Is Market Value

Business Valuation Update BVLaw
Legal and Court Case Update
November 20, 2002

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2131 Chewing and Smoking Tobacco and Snuff
shareholder dissent/oppression
Milton Applebaum v. Avaya, Inc., et al.
No. 375, 2002 (Del. 2002)
US
State Court
Delaware
Supreme Court
Veasey

Summary

The Delaware Supreme Court affirmed the lower court's definition of fair value as market value for the purposes of determining the value of a stock split under 8 Del. sec. 155.

See Also

Milton Applebaum v. Avaya, Inc., et al.

Full Text of Court Cases
November 20, 2002

The Delaware Supreme Court affirmed the lower court's definition of fair value as market value for the purposes of determining the value of a stock split under 8 Del. sec. 155. Becuase Avaya, Inc. was publically traded over the NYSE, the trading price was ...