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Delaware Supreme Court Endorses Deal Price as Strong Evidence of Fair Value in Appraisal of Public Companies

By Douglas D. Herrmann & James H.S. Levine & Kate A. Mahoney

In DFC Global Corp. v. Muirfield Value Partners, L.P., the Delaware Supreme Court held that the deal price represents strong evidence of fair value but rejected a judicial presumption that, even in an arm’s-length merger, the deal price is the best indication of fair value.

By Mr. Arnaud Leroi & Ms. Laura Miles & Ms. Elizabeth Spaulding & Mr. Laurent-Pierre Baculard

As companies turn to M&A to help them deal with the mounting pressures of digital disruption, they’re discovering the many daunting ways that digital M&A is a different beast than traditional M&A.

Buy-Sell Agreements From a Valuation Perspective

By Mr. Aaron Stumpf

Valuation analysts are often tasked with valuing closely held business interests pursuant to shareholders’ buy-sell agreements. These agreements vary by type and complexity, and the parties involved should consider multiple factors from a valuation perspective when establishing these agreements.

What Transaction Advisors Need to Know About the Differences between Business Valuations, Unit Valuations, and Summation Valuations

By Mr. Robert Reilly

Tax professionals, including tax assessment authorities and tax counsel, sometimes confuse business valuations, unit valuations, and summation valuations.

In Defense of Fairness Opinions: An Empirical Review of Ten Years of Data

By Mr. Robert A. Bartell & Mr. Christopher Janssen

This report includes the compilation, review, and analysis of more than 3,000 fairness opinions. The report aims to use empirical data to disprove two of the biggest criticisms of fairness analyses generally: 1) they provide valuation ranges too wide to be useful, and 2) they are too reliant on DCF analyses.

Delaware Supreme Court Endorses Deal Price as Strong Evidence of Fair Value in Appraisal of Public Companies

The Changing Rules for Digital M&A

Mitigating Valuation and Tax-Related Consequences in Buy-Sell Agreements

The Differences between Business Valuations, Unit Valuations, and Summation Valuations

In Defense of Fairness Opinions

Delaware Supreme Court Endorses Deal Price as Strong Evidence of Fair Value in Appraisal of Public Companies

The Changing Rules for Digital M&A

Mitigating Valuation and Tax-Related Consequences in Buy-Sell Agreements

The Differences between Business Valuations, Unit Valuations, and Summation Valuations

In Defense of Fairness Opinions

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