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UK chip designer Arm valued at $51 a share ahead of Wall Street IPO

The Guardian: Mergers & Acquisitions

British tech firm valued at $52.3bn before highly anticipated flotation on Nasdaq by private owner SoftBank The British chip designer Arm has secured a $52.3bn (£41.9bn) valuation in its initial public offering (IPO), before its highly anticipated return to the stock market in New York on Thursday. shares, raising $4.87bn for Softbank.

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Delaware Chancery Court Awards Appraisal Value In Merger Of Pennsylvania-Based Community Banks

Shearman & Sterling

On November 10, 2016, Chancellor Andre Bouchard of the Delaware Chancery Court granted the appraisal petition of former stockholders in Farmers & Merchants Bancorp of Western Pennsylvania, Inc. ("F&M"), awarding a "fair value" of $91.90 another community bank in western Pennsylvania. 10589-CB (Del.

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Delaware Chancery Court Awards Appraisal Value In Merger Of Pennsylvania-Based Community Banks

Shearman & Sterling

On November 10, 2016, Chancellor Andre Bouchard of the Delaware Chancery Court granted the appraisal petition of former stockholders in Farmers & Merchants Bancorp of Western Pennsylvania, Inc. ("F&M"), awarding a "fair value" of $91.90 another community bank in western Pennsylvania. 10589-CB (Del.

Banking 40
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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 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

. ("ISN") in an appraisal action brought by minority stockholders following the cash-out merger of ISN with its wholly-owned subsidiary, at the direction of its controlling stockholder. In re ISN Software Corp. Appraisal Litig., 8388-VCG (Del.

DCF 40
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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 Grants Appraisal Petition After Finding Dell MBO Transaction Provided Stockholders Less Than Fair Value

Shearman & Sterling

9322-VCL (May 31, 2016), holding that merger consideration offered to Dell, Inc's common stockholders did not reflect the "fair value" of Dell's shares. Vice Chancellor Laster of the Delaware Chancery Court recently issued an important opinion in In Re: Appraisal of Dell Inc.