Further Clarification from Delaware Supreme Court on Deal Price in Statutory Appraisal Actions

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The Delaware Supreme Court offered further guidance this week on the weight to be accorded a negotiated deal price in the context of shareholder appraisal litigation, which of course is important to businesses and counsel involved in M&A transactions that may be subject to judicial review. DFC Glob. Corp. v. Muirfield Value Partners LP, No. 518, 2016 (Del. en banc, Aug. 1, 2017). Important take-aways include...

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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