Liquidity Discount Inappropriate in Fair Value Case

Business Valuation UpdateVol. 5 No. 11
Legal and Court Case Update
November 1999
4813 Telephone Communications, Except Radiotelephone
517911 Telecommunications Resellers
shareholder dissent/oppression
control premium, fair value, discount for lack of marketability (DLOM), market multiples

Borruso v. Communications Telesystems International
753 A.2d 451,1999 Del. Ch. LEXIS 197
September 24, 1999
State Court
Court of Chancery
Peter S. Huck (for Borruso)<br>Anthony P. Kern (for Communications Telesystems)


The issue in this judicial appraisal action was the fair value of petitioners' 500,000 shares of WXL International Inc.

See Also

Borruso v. Communications Telesystems International

At issue is the fair value of the shares of common stock of WXL International, Inc. ("WXL"), a Delaware corporation, on the date on which WXL was merged with a with and into its parent corporation, Communications Telesystems International.