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Delaware Chancery Court Grants Appraisal Rights to Shareholders in DFC Global Corporation Following Acquisition by Private Equity Fund

Shearman & Sterling

On July 8, 2016, Chancellor Andre Bouchard of the Delaware Court of Chancery granted a petition for appraisal of former stockholders of DFC Global Corporation ("DFC") at a "fair value" of $10.21 July 8, 2016). per share, rather than the price ($9.50 In re Appraisal of DFC Global Corp., 10107-CB (Del. Read more

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Delaware Chancery Court Utilizes DCF Method to Determine Fair Value of ISN Software Corp.

Shearman & Sterling

On August 11, 2016, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery relied on his own discounted cash flow ("DCF") analysis to determine the fair value of ISN Software Corp. ("ISN") in an appraisal action brought by two minority shareholders following the merger of ISN with its wholly-owned subsidiary.

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Delaware Chancery Court Employs Transaction Price To Determine Fair Value In Appraisal Action

Shearman & Sterling

On December 16, 2016, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery relied on the final deal price to determine the fair value of stock in Lender Processing Services, Inc. ("LPS"), in an appraisal action brought by shareholder petitioners after Fidelity National Financial, Inc. ("Fidelity") acquired LPS.

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Delaware Chancery Court Grants Appraisal Rights to Shareholders in DFC Global Corporation Following Acquisition by Private Equity Fund

Shearman & Sterling

On July 8, 2016, Chancellor Andre Bouchard of the Delaware Court of Chancery granted a petition for appraisal of former stockholders of DFC Global Corporation ("DFC") at a "fair value" of $10.21 July 8, 2016). per share, rather than the price ($9.50 In re Appraisal of DFC Global Corp., 10107-CB (Del. Read more

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Delaware Chancery Court Utilizes DCF Method to Determine Fair Value of ISN Software Corp.

Shearman & Sterling

On August 11, 2016, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery relied on his own discounted cash flow ("DCF") analysis to determine the fair value of ISN Software Corp. ("ISN") in an appraisal action brought by two minority shareholders following the merger of ISN with its wholly-owned subsidiary.

DCF 40
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Delaware Chancery Court Employs Transaction Price To Determine Fair Value In Appraisal Action

Shearman & Sterling

On December 16, 2016, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery relied on the final deal price to determine the fair value of stock in Lender Processing Services, Inc. ("LPS"), in an appraisal action brought by shareholder petitioners after Fidelity National Financial, Inc. ("Fidelity") acquired LPS.

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Delaware Supreme Court Affirms Delaware Court Of Chancery's Use Of Its Own DCF Method To Determine Fair Value After Controller-Directed Cash-Out Merger

Shearman & Sterling

August 22, 2016 Need-to-Know Litigation Weekly, [link] The short order from the Delaware Supreme Court states that the decision of the Delaware Court of Chancery "should be affirmed on the basis of and for the reasons assigned" in the lower court's opinion. 8388-VCG (Del.

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