August 14, 2019

Chancery Decision Demonstrates When to Skip Appraisal

Partners Michael Maimone and Joseph Schoell co-authored an article for Law360 titled “Chancery Decision Demonstrates When to Skip Appraisal.”

Their article discusses the Delaware Court of Chancery’s decision In re Appraisal of Jarden Corp., a case involving a statutory appraisal action arising from a merger in which Newell Rubbermaid Inc. acquired Jarden Corp. for cash and stock totaling $59.21 per share.

According to Maimone and Schoell, the Chancery Court's Appraisal of Jarden opinion shows that stockholders should seek out appraisal proceedings arising from mergers with caution, and consider a fiduciary duty action based on an inadequate sales process if the buyer is a strategic buyer.

Full Article

The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.

Related Legal Services

The Faegre Drinker Biddle & Reath LLP website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Drinker Biddle & Reath LLP's cookies information for more details.