Shearman & Sterling

AUGUST 22, 2016

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 52

DCF Discounted Cash Flow Utilities Valuation 52

Shearman & Sterling

AUGUST 22, 2016

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

DCF Discounted Cash Flow Utilities Valuation 40

Shearman & Sterling

AUGUST 15, 2017

518, 2016 (Del. per share, by giving equal weight to: (1) the deal price, (2) a comparable companies analysis, and (3) a discounted cash flow analysis. DFC Global Corp. Muirfield Value Partners, L.P., The Court of Chancery had calculated a fair value of $10.30 per share, 8.4% higher than the deal price of $9.50

Discounted Cash Flow 52

Discounted Cash Flow Private Equity Shares Debt 52

Shearman & Sterling

DECEMBER 19, 2017

565, 2016 (Del. After a trial, the Court of Chancery had disregarded the deal price and instead applied its own discounted cash flow ("DCF") analysis, arriving at a valuation of $17.62 per share significantly undervalued the stock of Dell. In re Appraisal of Dell Inc.,

Discounted Cash Flow 52

Discounted Cash Flow DCF Private Equity Shares 52

Shearman & Sterling

NOVEMBER 7, 2017

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.

DCF 40

DCF Discounted Cash Flow Mergers IT 40

Shearman & Sterling

AUGUST 15, 2017

518, 2016 (Del. per share, by giving equal weight to: (1) the deal price, (2) a comparable companies analysis, and (3) a discounted cash flow analysis. DFC Global Corp. Muirfield Value Partners, L.P., The Court of Chancery had calculated a fair value of $10.30 per share, 8.4% higher than the deal price of $9.50

Discounted Cash Flow 40

Discounted Cash Flow Private Equity Shares Debt 40

Shearman & Sterling

DECEMBER 19, 2017

565, 2016 (Del. After a trial, the Court of Chancery had disregarded the deal price and instead applied its own discounted cash flow ("DCF") analysis, arriving at a valuation of $17.62 per share significantly undervalued the stock of Dell. In re Appraisal of Dell Inc.,

Discounted Cash Flow 40

Discounted Cash Flow DCF Private Equity Shares 40