Date of Decision:  October 21, 2015

Court:  Delaware Court of Chancery

Key Issues:

Arbitrageurs alleged an activist investor forced a sale of the company below its value and petitioned the Delaware Court of Chancery for a statutory appraisal of their shares. Experts for both sides utilized the discounted cash flow method of valuation. The court ultimately decided the merger price in this specific situation was the more reliable indicator of value.

Link to Court Opinion