14
Nov
Valuation, Whitepapers

Understanding Valuations of Unicorns in 2019

When venture capitalist Aileen Lee coined the term “unicorn” in the fall of 2013 to describe a VC-backed company valued at $1 billion or more, it was a fitting description of an exceptionally rare phenomenon, with around 40 companies in the world holding such title. While unicorn status is still…
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28
May
Valuation, Whitepapers

New Cases Added to Our 2019 Solvency Compendium

In re Tribune Company Fraudulent Conveyance Litigation (April 2019) ----- U.S. DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK RULED THAT PAYMENTS IN A LEVERAGED BUYOUT TO THOUSANDS OF SHAREHOLDERS ARE PROTECTED BY SAFE HARBOR BECAUSE HAVING A TRADITIONAL FINANCIAL INSTITUTION AS AN INTERMEDIARY IN THE TRANSACTION CAN QUALIFY…
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24
May
Company News, Valuation, Whitepapers

New Cases Added to Our 2019 Fairness Compendium

Case #1: Verition Partners Master Fund Ltd. v. Aruba Networks, Inc. (April 2019) THE SUPREME COURT OF DELAWARE REJECTED THE CHANCERY COURT’S DEPENDENCE ON THE 30-DAY AVERAGE UNAFFECTED STOCK PRICE IN DETERMINING FAIR VALUE AND ENDORSED DEAL-PRICE-MINUS-SYNERGIES AS THE FOUNDATIONAL METHOD IN DETERMINING FAIR VALUE OF ARUBA’S STOCK. ------- A…
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