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Chancery Finds “Fair Value” Less than Merger Price in Appraisal Case

By Francis Pileggi on May 7, 2012
Posted in Court of Chancery Updates

Gearreald v. Just Care, Inc., C.A. No. 5233-VCP (Del. Ch. April 30, 2012).

Issue Addressed

In this appraisal proceeding pursuant to 8 Del. C. § 262, the post-trial issue addressed by the Court was whether the “fair value” of the company was worth more than the $40 million acquisition price. 

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