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Focus on New Jersey Appraisal

Appraisal Rights

While Delaware isn’t the only state offering appraisal rights, not all of the remaining 49 states are appraisal-equal. New Jersey offers very little in terms of shareholder appraisal rights. Of course, valuation–the cornerstone of appraisal–does not require an appraisal case to be critical. 14A:11-1(a)(i)(A).

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BUSINESS VALUE vs. UNDERLYING ASSETS

The Mentor Group

Can you value a business without appraising the underlying assts? In fact, most business valuations are not all premised upon any specific asset values. Thus, the business valuation assumes that certain of these assets are viable and contribute to overall enterprise value. The answer is yes.

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Breaking Down the Delaware Supreme Court’s DFC Global Decision**

Appraisal Rights

That definition required a valuation of the petitioners’ shares based on the “going concernvalue of the stock, and that notion also disregarded any minority discount that would inhere in a stock-market price.