Following the CKx decision, Delaware Chancery Court has continued to provide strong support for the use of deal price to estimate the fair value of the equity of public companies subject to statutory appraisal proceedings.
Brattle Principal Yvette Austin Smith has authored an article discussing Delaware's public company appraisals following the CKx decision, using specific examples to demonstrate that petitioners and respondents continue to assert widely divergent values in appraisal cases.
The article, "Snapshot of Delaware Public Company Appraisals Post-CKx," was published in the American Bar Association's (ABA) Deal Points newsletter and is available on the ABA website.
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