Dell Appraisal Proceeding: Delaware Court of Chancery Finds Price Payable in Management Buyout Understates “Fair Value” by 28%

Posted by on Monday, February 27, 2017 in Articles, Delaware Corporate Law Bulletins, En Banc.

Dell Appraisal Proceeding Delaware Court of Chancery Finds Price Payable in Management Buyout Understates “Fair Value” by 28%

ABSTRACT

Vice Chancellor Laster declines to give weight to transaction price negotiated by independent board committee and approved by unaffiliated stockholders

AUTHORS

Robert S. Reder
Professor of the Practice of Law at Vanderbilt University Law School, has been serving as a consulting attorney at Milbank, Tweed, Hadley & McCloy LLP in New York City since his retirement as a partner in April 2011

Loren D. Goodman
Vanderbilt University Law School, J.D. Candidate, May 2017. Upon graduation, Loren Goodman will join the Corporate group at Cahill Gordon & Reindel in New York City.