J. Travis Laster.
The Delaware Supreme Court in a per curiam opinion Tuesday categorically rejected a trial court’s appraisal ruling that valued investors’ shares of Aruba Networks based on the Silicon Valley wireless networking company’s stock price 30 days before its 2015 sale to to The Hewlett-Packard Co. was announced.
The per curium opinion instead looked to the deal price minus synergies in valuing the firm’s shares at $19.10, nearly $2 per share higher than Vice Chancellor J. Travis Laster of the Delaware Court of Chancery found last February.
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