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Corporate Finance/M&A

10 April 2019
Anne Johnson Palmer Chancery Court revisits fair value analysis in AOL appraisal action

USA - Ropes & Gray LLP

The Delaware Court of Chancery has issued its original opinion in a consolidated appraisal action arising out of Verizon Communications Inc's 2015 acquisition of AOL Inc. In contrast to a recent string of Delaware appraisal decisions, the court determined that reliance on the $50 per share merger price for determining AOL's statutory fair value was not warranted.

Authors: Anne Johnson Palmer, Christian Reigstad
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