Dell Strongly Reinforces Importance of Merger Price

"Over the past several years, there has been a significant increase in appraisal actions, which has prompted statutory amendments and increased focus on appraisal law by academics and commentators. The increase in appraisal actions also has accelerated the development of case law guidance regarding the proper approach for the Court of Chancery to derive a subject company’s statutory fair value. One of the more significant recent developments is the court’s increased willingness to consider the deal price as the best evidence of appraisal value."

- Compliments of The D&O Diary

Published by: Kevin M. La Croix