Use of Asset-Level Deductions Hinges on Business Strategy

Business Valuation UpdateVol. 21 No. 3
Legal and Court Case Update
March 2015

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6552 Land Subdividers and Developers, Except Cemeteries
shareholder dissent/oppression
discount rate, fair value, income approach, net asset value, weighted average cost of capital (WACC), appraisal, asset approach, discount for lack of marketability (DLOM), dissenting shareholder, minority interest, oil and gas interests, real estate, net cash flow, capital asset pricing model (CAPM), capital gains, discount for lack of control (DLOC), market value, deduction
Utah Resources International, Inc. v. Mark Technologies Corp.
2014 Utah LEXIS 216
December 23, 2014
US
State Court
Utah
Supreme Court
Jeff Wright (company, fairness opinion), Francis Burns (company, trial); Roger Smith (court-appointed)
Durrant

Summary

State’s high court strikes down district court’s fair value determination, finding reliance on prior law prohibiting use of deductions was misguided where company pursued strategy of selling off real estate and other assets at time of triggering event.

See Also

Utah Resources International, Inc. v. Mark Technologies Corp.

Full Text of Court Cases
December 23, 2014

State’s high court strikes down district court’s fair value determination, finding reliance on prior law prohibiting use of deductions was misguided where company pursued strategy of selling off real estate and other assets at time of triggering event.