Holding Co. Value Must Include Subsidiary Debt

Business Valuation UpdateVol. 18 No. 7
Legal and Court Case Update
July 2012

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7549 Automotive Services, Except Repair and Carwashes
securities litigation
Miller v. MSX-IBS Holding, Inc.
2012 U.S. Dist. LEXIS 205
February 13, 2012
US
Federal Court
Michigan
United States District Court
Plante & Moran PLLC
Steeh

Summary

Under Delaware law, the board of directors for a holding company properly relied on consolidated financial statements and valuations of its subsidiary, including its subsidiary’s debt, to determine whether funds were “legally available” to redeem preferre ...

See Also

Miller v. MSX-IBS Holding, Inc.

Full Text of Court Cases
February 13, 2012

Under Delaware law, the board of directors for a holding company properly relied on consolidated financial statements and valuations of its subsidiary, including its subsidiary’s debt, to determine whether funds were “legally available” to redeem preferre ...