Delaware Court of Chancery Awards Less Than Merger Price in Appraisal Proceeding

07.09.2015
Client Alert

In a decision consistent with the outcome of a number of recent appraisal cases, the Delaware Court of Chancery in LongPath Capital, LLC v. Ramtron International Corp. relied on the negotiated merger price as the best evidence of “fair value” for purposes of Section 262 of the Delaware General Corporation Law.  And, in the most noteworthy portion of the decision, the Court took the additional step of deducting merger related synergies from the merger price to determine fair value.

Click here to download the Morris Nichols analysis of the opinion. 

Jump to Page

We use cookies on this website to improve functionality and performance, to analyze traffic to the website, and to enable social media features. By using this site, you agree to our updated Privacy Policy and our Terms of Use.