%PDF-1.6
%
1 0 obj
<>stream
application/pdfThe fair value of common stock in a dissenting shareholders’ rights case has often been
examined within the Delaware Block framework since its creation by the Supreme Court of
Delaware over 60 years ago. While the use of the Delaware Block framework is no longer
commonly relied on in Delaware Chancery Court decisions, it has not disappeared in some
other jurisdictions. The traditional Delaware Block framework, however, may need to be
modified to incorporate the current generally accepted valuation methods.
Bridging the Gap between the Delaware BlockFramework and Generally Accepted Valuation MethodsThe fair value of common stock in a dissenting shareholders’ rights case has often been
examined within the Delaware Block framework since its creation by the Supreme Court of
Delaware over 60 years ago. While the use of the Delaware Block framework is no longer
commonly relied on in Delaware Chancery Court decisions, it has not disappeared in some
other jurisdictions. The traditional Delaware Block framework, however, may need to be
modified to incorporate the current generally accepted valuation methods.
Chip Brown, CPA, and Steve Whittington
Adobe PDF Library 9.9; modified using iTextSharp 4.1.6 by 1T3XTDelaware Block; Framework
2011-11-21T20:10:26-08:002011-10-12T20:01:46-07:00Adobe InDesign CS5 (7.0.4)
endstream
endobj
2 0 obj
<>/Font<>/ExtGState<>/ProcSet[/PDF/Text]>>/CropBox[0.0 0.0 603.0 783.0]/Parent 13 0 R/ArtBox[0.0 0.0 603.0 783.0]/BleedBox[0.0 0.0 603.0 783.0]/StructParents 1>>
endobj
3 0 obj
<>stream
HWko(E[/Q⢠ȑ5 E*|XPH"EXɒx{J҆~}{T
{;l6{>YXlEq_p̳-W6{6.{ {\a;Yqof^h{uq[<
Q7>suL~&I6⏆?'."n~aL;Ω rm(n75yVeL8g1(d#F||7^ >z8-7]\7=QT66-?xww˸9=#2[
^ŻXsg9poez P7T_EqLj` KˢmY%0gߕDZy܇a[fGdt|rD*e[bHEѰNn[TͩgrDzuwM]YVr3í0
=wy
Th]?ʕ
--+[#LZz>_%ѿ6xf4V%lүY.z>el.BzC Bw'GBǰ1+Elhx0F"
Y
,5O[&y4%N̟` 8y {8BJ>fM{KE<8ńҊ|vԢN9;y<a'UM7rKĽ|"MIr{|=-~q}~QA g"yS{pt M
ڕY&*-cܰVfl.sO_iuqGg̜wI2Vz!xhucܐ,1gy̏|afv`e#0 ICSRJ'zp,Eوn+QKb
-5k
I̠Zϧ[80 f6UA^VeBGGk:&Ԧdv0)2Gse