The Delaware Court of Chancery in In re Appraisal of Stillwater Mining Co., C.A. No. 2017-0385-JTL (consol.), memo. op. (Del. Ch. Aug 21, 2019), found fair value of a company under the Delaware appraisal statute equal to deal price, though the sale process did not adhere to best practices.

K&L Gates discusses the decision in Rejecting a Suit Seeking a 43.9% Higher Payout, the Delaware Chancery Court Declared that the $18 per share Price Paid for Stillwater was the Fair Value.