Del. Supreme Court Asked To Keep $7B Dell Appraisal Bump
By Jeff Montgomery (September 27, 2017, 5:50 PM EDT) -- Attorneys for shareholders who last year won a $7 billion court-ordered hike in Dell Inc.'s stock appraisal after a $24.9 billion management buyout in 2013 told Delaware's Supreme Court on Wednesday that Dell's original go-private terms amounted to a company steal.
It proved an into-the-wind argument, however, for shareholder attorney Stuart M. Grant of Grant & Eisenhofer, as Chief Justice Leo E. Strine Jr. at one point termed part of the justification for the bump-up "incoherent" and contradicted by market response to Dell's search for higher offers. Company CEO Michael Dell and private equity Silver Lake Partners took the company private...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!