Expand the following panels for additional search options.

Dunmire v. Farmers & Merchants Bancorp of W. Pa.

Flawed sales process makes merger price an unreliable indicator of fair value for statutory appraisal, Chancery finds; in accord with party experts, court uses discounted net income approach and adopts most of respondent expert’s inputs for its valuation.

Chancery Bases Fair Value Calculation on Income-Based Model

Flawed sales process makes merger price an unreliable indicator of fair value for statutory appraisal, Chancery finds; in accord with party experts, court uses discounted net income approach and adopts most of respondent expert’s inputs for its valuation.

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.

Chancery achieves fair value with three imperfect valuation techniques

The whole is greater than the sum of its parts. Perhaps Chancellor Bouchard thought of Aristotle when he recently ruled in a statutory appraisal action that, even though the results of three common valuation techniques were unreliable indicators of value, in combination they established fair value.

In re Rural Metro Corp. Stockholders Litigation

Financial advisor aided and abetted directors’ breach of fiduciary duty by causing ill-timed, below-fair-value sale of the company based on manipulated valuation analysis, including false and material information related to precedent transaction analyses.

Hanson Trust PLC v. ML SCM Acquisition

At issue are breach of fiduciary duty by the board of SCM and whether the trial court should have considered the extensive evidence on whether the option prices were indeed "within the ...

Pitfalls in fairness opinion valuations

This article is excerpted from a longer paper prepared by Gil Matthews for presentation at the ABA Family Law Section's National Business Valuation Conference to be held May 3-5 in San Francisco, Cali ...

Ibbotson's SBBI 2001 Valuation Edition has enhanced features

Reviewed by Ronald L. Seigneur, MBA, CPA/ABV, CVA* 2001 SBBI Valuation Edition Yearbook , Ibbotson Associates. 225 North Michigan Avenue, Suite 700, Chicago, IL 60601-7676, (800) 758-3557, Fax ...

Demystifying the user of beta in the determination of the cost of capital and an illustration of its use in Lazard's valuation of Conrail

The Journal of Corporation Law , Winter 2000, Vol. 25 This article discusses deriving the figure for beta (a measure of a security's sensitivity to market movements) in valuing capital budgeting ...

McMullin v. Beran

At issue in this shareholder dispute case is breach of fiduciary duties in connection with Lyondell's acquisition of Chemical's shares.

In re: Unocal Exploration Corp.

At issue is breach of fiduciary duty.

Small stock premium

In the BVU , the Cost of Capital summary shows 10 th decile small stock premiums at 4.35% (Dec. 13, 1999). Is this to be used with CAPM (with beta included) or in a build-up model, with ...

Learning your Alpha, Beta, Gammas

"The Anatomy of Beta—Getting Down to Basics," Dr. Thomas Stanton, Business Appraisal Practice , Fall 1999, pp. 34-38. This article provides a simple illustration of how to calculate beta for a comp ...

PriceWaterhouseCoopers Updates Risk Premia Study

PricewaterhouseCoopers has released a new study by Roger Grabowski and David King that documents the historical relationship between company size and average rates of return. The new study covers the period 1963 through 1998 and is an update of material presented in the August 1997.

The Cost of Capital and Valuing a Business beta switch

I attended recently the Ibbotsons Cost of Capital and Advanced Cost of Capital workshops in Chicago. In an effort to summarize the material learned, I have been preparing my own summarized ...

Ibbotson's new Web site allows "per inquiry" fees

Ibbotson Associates , 225 North Michigan Avenue, Suite 700, Chicago IL 60601, (800) 758-3557. Industry reports are $50, Beta and Tax reports are $10. Members of AICPA, ASA, NACVA , and IBA receive ...

Stocks, Bonds, Bills and Inflation: Valuation Edition

Reviewed by Shannon Pratt Ibbotson Associates is coming out with a new Valuation Edition of their 1999 annual Stocks, Bonds, Bills and Inflation. The book will be available in March, wit ...

PPMC discount rate jumps from 12.97% to 16.35%; total PPMC market capitalization plummets 70.1%

We first introduced our readers to Physician Practice Management Companies in the May 1996 issue of Business Valuation Update . At that time, guest interviewee Rick Holdren considered the medical p ...

Good growth forecasts key to good valuations

It has been six years since Fama and French (F&F) published their seminal paper, "The Cross-section of Expected Stock Returns," The Journal of Finance, June, 1992, which examined the effect that firm size and the book to market ratio had on predicting stock returns.

Building better betas is Ibbotson's answer to beta controversy

Several recent research studies have provided significant support for two interesting hypotheses regarding betas: The lag effect: For all but the largest companies, the prices of individu ...

Nebenzahl v. Miller

At issue is breach of fiduciary duties in connection with a merger agreement.

Wells v. Shearson Lehman/American Express

At issue is the valuation of stock in a management buyout, in which shareholder argues that the board and shareholders were misinformed as to the value of the stock.

76 - 100 of 102 results