Shearman & Sterling

MAY 1, 2018

On April 23, 2018, the Supreme Court of Delaware affirmed a decision by Vice Chancellor J. Travis Laster of the Delaware Court of Chancery appraising the shares of Clearwire Corporation at $2.13 per share, notwithstanding that Clearwire was acquired for $5.00 ACP Master, Ltd., Sprint Corporation, et al. & & ACP Master, Ltd.,

Discounted Cash Flow 52

Discounted Cash Flow Negotiation Corporation Shares 52

Shearman & Sterling

MARCH 6, 2018

​On February 23, 2018, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery ruled, based on his own discounted cash flow ("DCF") analysis, that the fair value of AOL Inc. ("AOL") was below the deal price paid by Verizon Communications Inc. ("Verizon") to acquire it. 11204-VCG.

DCF Analysis 40

DCF Analysis DCF Discounted Cash Flow Valuation 40

Shearman & Sterling

MAY 1, 2018

On April 23, 2018, the Supreme Court of Delaware affirmed a decision by Vice Chancellor J. Travis Laster of the Delaware Court of Chancery appraising the shares of Clearwire Corporation at $2.13 per share, notwithstanding that Clearwire was acquired for $5.00 ACP Master, Ltd., Sprint Corporation, et al. & & ACP Master, Ltd.,

Discounted Cash Flow 40

Discounted Cash Flow Negotiation Corporation Shares 40