Valuations Underpin DE Chancery’s Ruling in Going-Private Merger

Business Valuation UpdateVol. 20 No. 5
Legal and Court Case Update
May 2014
6799 Investors, NEC
523920 Portfolio Management
dissenting shareholder
fair value, discounted cash flow (DCF), entire fairness, merger, minority shareholder, comparable companies method, business judgment, controlling stockholder buyout, going private

Kahn v. M&F Worldwide Corp.
2014 Del. LEXIS 115
March 14, 2014
US
Federal Court
Delaware
Supreme Court
Evercore Partners (defendants)
Holland

Summary

DE Supreme Court affirms use of business judgment review where controlling stockholder buyout includes two procedural protections for minority and finds valuations from independent financial advisor confirmed merger was favorable to minority stockholders.

See Also

Kahn v. M&F Worldwide Corp.

DE Supreme Court affirms use of business judgment review where controlling stockholder buyout includes two procedural protections for minority and finds valuations from independent financial advisor confirmed merger was favorable to minority stockholders.