Legal Opinion
Highfields Capital, Ltd. v. AXA Financial, Inc.
Court of Chancery of Delaware
Decided August 17, 2007No. C.A. 804-VCLPublishedCited by 27 opinions
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
An institutional investor petitions the court, pursuant to 8 Del. C. § 262, seeking judicial appraisal of its equity holdings in a large insurance conglomerate as a result of that company’s July 2004 all-cash, all- shares merger. Based on the evidence presented at trial, the court believes that a combined sum-of-the-parts and shared synergies analysis is the most reliable valuation methodology in this litigation. The court exercises its independent business judgment to make several alterations to the calculations utilized in those models by the respondent’s…
2Cases cited18 opinions
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.Supreme Court of Delaware · 1986
- M.G. Bancorporation, Inc. v. Le BeauSupreme Court of Delaware · 1999
- Cavalier Oil Corp. v. HarnettSupreme Court of Delaware · 1989
13 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- In re Rural Metro Corp.Court of Chancery of Delaware · 2014
- GLOBAL GT LP v. Golden Telecom, Inc.Court of Chancery of Delaware · 2010
- Verition Partners Master Fund Ltd. v. Aruba Networks, Inc.Supreme Court of Delaware · 2019
- Edgewater Growth Capital Partners LP v. H.I.G. Capital, Inc.Court of Chancery of Delaware · 2013
- Reynolds Am. Inc. v. Third Motion Equities Master Fund Ltd.North Carolina Business Court · 2020
22 more not listed; retrieve them via the Exa API.