In re Appraisal of Columbia Pipeline Grp., Inc.
In statutory appraisal action featuring publicly traded company, court relies on deal price for fair value; although flawed, sale process, when compared to process in three key high court decisions endorsing deal price, does not undermine validity of deal price; no adjustment for synergies.
Court Endorses Unadjusted Deal Price as Fair Value Indicator Despite Flaws in Sale Process
In statutory appraisal action featuring publicly traded company, court relies on deal price for fair value; although flawed, sale process, when compared to process in three key high court decisions endorsing deal price, does not undermine validity of deal price; no adjustment for synergies.
Tax Court Valuation of Public Utility Gets Mixed Marks From State High Court
State Supreme Court says, in valuing public utility, Tax Court had discretion to adopt Commissioner expert’s position on company-specific risk premium and build-up method but failed to explain choice of specific beta factors; Supreme Court remands.
Tax Court Valuation of Public Utility Gets Mixed Marks From State High Court
State Supreme Court says, in valuing public utility, Tax Court had discretion to adopt Commissioner expert’s position on company-specific risk premium and build-up method but failed to explain choice of specific beta factors; Supreme Court remands.
Minn. Energy Res. Corp. v. Commissioner of Revenue
State Supreme Court says, in valuing public utility, Tax Court had discretion to adopt Commissioner expert’s position on company-specific risk premium and build-up method but failed to explain choice of specific beta factors; Supreme Court remands.
Change in Policy Breaches Good Faith Even If It Does Not Violate GAAP
The issue in this case was the admittance of evidence concerning the company’s book value.
Eggett v. Wasatch Energy Corporation
Issue was whether former officer and stockholder was entitled to book value or par value under the parties' shareholder agreement.
In the Matter of ANR Pipeline Company
At issue is the method of valuing income (historical or future), the capitalization rate for 1994 and 1995 (ANR's capital structure was skewed), and the inclusion of certain intangibles.
In the Matter of Colorado Interstate Gas Company
At issue is the capitalization rate, the inclusion of certain intangibles and the method for allocation (original cost vs. net book or rate base).
Catherine Trost-Steffen v. Kenneth L. Steffen
The Indiana Court of Appeals affirmed the valuation of closely held stock. The value was determined using the capitalization of earnings method and applying a combined lack of marketability and minority interest discount. The court rejected the argument t ...
Book Value Is Inappropriate in Divorce Valuation
The Indiana Court of Appeals affirmed the valuation of closely held stock. The value was determined using the capitalization of earnings method and applying a combined lack of marketability and minority interest discount. The court rejected the argument t ...
Gray-Jones v. Jones
The Ohio Court of Appeals, 10th District, reversed the trial court's valuation of a minority interest in a natural gas broker at its fair market value.
Valuation Under Buy-Sell Agreement Required a Pro Rata Share in the Value of the Assets
The Ohio Court of Appeals, 10th District, reversed the trial court's valuation of a minority interest in a natural gas broker at its fair market value.