Mergers & Acquisitions,
Corporate
Jan. 20, 2016
Delaware court gives guidance on valuation
The latest in a monthly column reviewing recent Delaware decisions affecting California businesses.
Marc Boiron
Associate
Rutan & Tucker LLP
Email: mboiron@rutan.com
Marc focuses his practice on transactional matters involving emerging and mid-market companies in the areas of California and Delaware corporate laws.
TRANSACTIONS WITH BOIRON
In PECO Logistics LLC v. Walnut Investment Partners LP, the Delaware Court of Chancery granted PECO Logistics' request for declaratory relief that it had complied with the terms of its LLC agreement in valuing PECO's preferred units and that the holders of the preferred units were bound by the appraiser's valuation of such units.
In connection with a merger involving PECO in March 2011, Walnut Investm...
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