The Delaware Court of Chancery, in Manichaean Capital, LLC, et al. v. SourceHOV Holdings, Inc., C.A. No. 2017-0673-JRS, memo. op. (Del. Ch. Jan. 30, 2020), found the fair value of a private company, in a statutory appraisal proceeding, exceeded the price per share paid in a merger.
NEW: Lowenstein Sandler discusses the decision in SourceHOV: Chancery Court Departs From Merger Price Awarding 12% Premium.
Bloomberg Law discusses the decision in SourceHOV-Exela Deal Price Hiked 12% in Delaware Appraisal Case.