This newest piece from Law.com [$$] analyzes the most recent appraisal decision from the Delaware Chancery Court, Regal Entertainment Group, in which the court awarded stockholders a 2.6% premium to merger price. The valuation determination followed from the court’s pegging
Valuation Litigation & Shareholder Rights Blog
The Valuation Litigation & Shareholder Rights Blog, published by Rolnick Kramer Sadighi LLP, focuses on legal issues surrounding valuation disputes in mergers and acquisitions, appraisal rights, and shareholder protections. It covers Delaware appraisal jurisprudence, including valuation methodologies, statutory interpretations, and procedural aspects such as appraisal prepayments. The blog also examines comparative appraisal rights frameworks in other jurisdictions like the European Union and South Africa, highlighting cross-border merger implications and minority shareholder remedies. Topics include fair value determinations, the impact of post-signing changes on valuation, and strategic litigation considerations in shareholder rights and valuation disputes.
Latest from Valuation Litigation & Shareholder Rights Blog - Page 5
Cannabis Valuation: Some Stops On the Road to Legalization
By Steve Hecht
Global X, an ETF provider, provided this thorough but succinct survey highlighting the progress toward cannabis legalization in U.S. states.; this is part 1 of a 3-part series, so more to come. As we’ve noted before, cannabis…
Revisiting Deference to So-Called “Market Price” In Appraisal Litigation
By Steve Hecht
This recent piece from Forbes provides an interesting look into how Michael Dell scored a huge windfall by opportunistically taking Dell private while the stock was undervalued. Although the Delaware trial court had acknowledged a valuation much higher than the…
CannaLaw: Final Day & What’s Next?
By Steve Hecht
Cannalaw Conference Wrap-up: What’s Next for Marijuana?
The conference closed with a look ahead to the future of the cannabis industry, patent issues, and emerging psychedelic market. What will we see with regards to patent enforcement? Only two cannabis…
CannaLaw: Valuation of Cannabis Targets
By Steve Hecht
The M&A panel at yesterday’s Cannalaw conference addressed what valuation techniques are being used to determine the purchase price of a marijuana company. While in recent years the traditional valuation metrics would normally be utilized – whether multiples of sales,…
CannaLaw Day 2: Additional Panels on Issues in Cannabis Law
By Steve Hecht
Financial Inclusion: Banking in the Legal Cannabis Industry
The panel focused on the challenges of cannabis banking, including availability, compliance issues and whether the proposed Safe Banking Act will pass. The major problem that large banks face is not…
CannaLaw Summit: Day 1
By Steve Hecht
RKS is covering the the Cannalaw Summit, a conference covering a range of topics including cannabis valuation. Beyond the newest US states to legalize recreational cannabis use, Mexico is proceeding with legalization steps in what observers said could become “the…
VC Kathaleen McCormick Nominated as Next Del. Chancellor
By Rich Bodnar
The Governor of Delaware has nominated Vice Chancellor Kathaleen McCormick to the post of Chancellor (the ‘chief judge’ of the Delaware Chancery Court). The nomination is to replace retiring Chancellor Andre Bouchard.
Steve Hecht of Rolnick Kramer Sadighi…
Guest Post: Malaysia – No Appraisal Right, Only Dissenting Right in Compulsory Acquisition
Like certain U.S. states, the country of Malaysia does not give dissenting shareholders any right to appraisal of the value of their shares. Instead, the Malaysian Capital Markets and Services Act of 2007 (“Act”) provides that in a “compulsory acquisition,”…
Cannabis Valuation Space Becoming “Smoking Hot”
By Steve Hecht
In this new post, major asset manager Alger spotlights the growing cannabis sector and underscores investors’ opportunities alongside increased public support and favorable legislative changes.
For more on factors affecting cannabis business valuation, including regulatory changes and legalization pushes,…