The Delaware Supreme Court of Chancery, in Fir Tree Value Master Fund, LP, et al. v. Jarden Corp., No. 454, 2019, opinion (Del. July 9, 2020), affirmed the Delaware Court of Chancery’s ruling in a statutory appraisal action that the best evidence of fair value was the acquired company’s unaffected stock price.
NEW: Jones Day discusses the decision in Delaware Supreme Court Upholds Unaffected Market Price in Statutory Appraisal Action.
$$$ Montgomery McCracken discusses the decision in Del. Jarden Ruling Shows Appraisal Precedent Is Not Inflexible.
Sheppard Mullin discusses the decision in Delaware Supreme Court Affirms Appraisal Award Using Corporation’s Unaffected Market Price As Fair Value.
Yale Law professors Jonathan Macey and Sam Harris discuss the decision in Fir Tree v. Jarden and M&A Appraisal.
Shearman & Sterling discusses the decision in Delaware Supreme Court Affirms Appraisal Ruling Relying on Unaffected Market Price to Determine Fair Value.
DealLawyers.com discusses the decision in Appraisal: Del. Supreme Court Upholds “Unaffected Market Price” Valuation.
Tulane Law ‘s Professor Ann Lipton discusses the decision in Schrodinger’s Efficiency.
Bloomberg Law discusses the decision in Newell-Jarden $16 Billion Price Tag Upheld by Delaware Justices.
$$$ Law360 discusses the decision in Del. Justices Let Chancery’s $13B Jarden Appraisal Stand.