Publication Date: 2020-08-05
Practice Area: Mergers and Acquisitions
Industry: Consumer Products | Investments and Investment Advisory
Court: Delaware Superior Court
Judge: Judge Seitz
Attorneys: For plaintiff: Michael J. Barry, Kimberly A. Evans, Kelly L. Tucker, and Vivek Upadhya, Grant & Eisenhofer P.A., Wilmington, DE for appellants.
for defendant: Srinivas M. Raju, Brock E. Czeschin, Robert L. Burns, Sarah A. Clark, and Matthew W. Murphy, Richards, Layton & Finger, P.A., Wilmington, DE; Michael J. McConnell, Ashley F. Heintz,, and Robert A. Watts, Jones Day, Atlanta, GA for appellee.
Case Number: D69055
Court could use unaffected stock price as fair value where court found other valuation methods unreliable, found issues with sale process, and found capture of synergies in merger.