Merry Christmas 2019
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The Treatment of Synergistic Value in Dissenting Shareholder Appraisal Rights Matters (Part II of II)
by Brandon McFarland
With each fair value decision, the Chancery Court provides more information about its interpretation of DFC and Dell decisions. Analysts involved in fair value matters should be aware of the recent Chancery Court decision and should be mindful of future decisions related to these issues. Click here to read the full article at QuickReadBuzz.
Photo by Wesley Tingey on Unsplash
Terminal Value – The Problem with Exit Multiples by Michael Vitti
Most of an Income Approach-based valuation is frequently in the terminal value. Thus, an Income Approach-based valuation that relies on an exit multiple to arrive at a terminal value is essentially a Market Approach-based valuation in disguise. Many practitioners do not use an exit multiple to arrive at a terminal value for this reason. Nevertheless, numerous practitioners prefer to use an exit multiple. The basis is straight-forward: the goal is to arrive at a value of the business at the end of the discrete projection period and a hypothetical sale at that time is likely to be based on a multiple of earnings. This article addresses some problems that must be addressed when trying to identify a reliable exit multiple.
Read more on QuickReadBuzz.
Photo by Chris Liverani on Unsplash
The Treatment of Synergistic Value in Dissenting Shareholder Appraisal Rights Matters (Part I of II) by Brandon McFarland
Interesting Delaware Court decisions on the treatment of synergistic value in dissenting shareholder appraisal rights cases, published by Brandon McFarland is a senior associate in the Atlanta office of Willamette Management Associates. To read the full article at QuickRead click here.
Photo by Wesley Tingey on Unsplash
EACVA’s 13th Business Valuation Conference | 5–6 December 2019 in Berlin | Register Now!
We cordially invite all business valuation professionals to attend our 13th Annual Business Valuation Conference in Berlin, Germany. Renowned speakers feat. Professor Aswath Damodaran, Roger Grabowski, Marc Goedhart, will address the most important issues impacting the business valuation.
EACVA’s Conference has become established as one of Europe’s leading BV conventions. It brings together around 350 valuation professionals from countries around the globe. It will provide an exciting learning and networking opportunities for all attendees. You will be able to hear from some of the most renowned speakers in the business valuation field while connecting and networking with other valuation professionals.
Learn more and register at www.ValuationConference.de!
