Valuation of Closely Held Internet Company Based on Majority Shareholder’s Future Projections

Business Valuation Update BVLaw
Legal and Court Case Update
October 28, 2002
Timothy Tansey v. Trade Show News Networks, Inc., et al. (Tansey II)
No. 18796 (Del. Chan. 2002)
US
State Court
Delaware
Court of Chancery
Strine

Summary

The Delaware Court of Chancery valued a minority interest as of the date of conversion. It used the merger formula, including an illiquidity discount, to determined the value. The court also dismissed the defendant's arguement that unfavorable interest ma ...

See Also

Timothy Tansey v. Trade Show News Networks, Inc., et al. (Tansey II)

The Delaware Court of Chancery valued a minority interest as of the date of conversion. It used the merger formula, including an illiquidity discount, to determined the value. The court also dismissed the defendant's arguement that unfavorable interest ma ...