Chancery Affirms Prior Appraisal Ruling
Huff Fund Investment Partnership v. CKx, Inc., C.A. No. 6844-VCG (Del Ch. May 19, 2014)
This decision, in essence, reaffirmed the Court of Chancery’s prior appraisal decision that the merger price was the correct number for the appraised value of the company. The court gave the parties the opportunity after its prior ruling to submit additional data, but the parties declined. Instead they reargued their positions without additional evidence. The net result is that the court upheld its prior holding to use the merger price for the appraised value for the reasons explained in its prior opinion highlighted on these pages here.