AOL Wants Share Price Cut In $4.4B Verizon Deal Review

Law360 (March 12, 2018, 9:30 PM EDT) -- AOL asked a Delaware Chancery judge Friday to further trim a court-set $48.70 per share price for investors who challenged its $4.4 billion, $50-per-share merger with Verizon Inc., arguing that the investors’ share price theories make “no economic sense” and overvalue AOL’s deal with Microsoft that was likely a “money-loser.”

AOL Inc. asked the court to enter an order valuing it at $45.52, and to reject arguments the investors made in a petition for reargument that the court undervalued Microsoft Inc. and AOL’s growth prospects following...
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