Sat.Nov 23, 2019 - Fri.Nov 29, 2019

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Valuation Firm: “The Treatment of Synergistic Value in Dissenting Shareholder Appraisal Matters”

Appraisal Rights

Valuation firm Willamette Management Associates has put out a pair of articles discussing the calculation and treatment of synergies in appraisal actions. At least in Delaware, the value of an appraisal petitioner’s shares is to be fixed as the fair value of the company less synergies. Synergies can thus become a significant battleground in an appraisal action – and can result in rulings below merger price.