Opinion ID: 1536001
Heading Depth: 1
Heading Rank: 6

Heading: court of chancery's decision

Text: At the conclusion of the trial, the Court of Chancery had before it: three per share values from Clarke; two per share values from Reilly; and a revision by the Petitioners' witness of the Sheshunoff $41 per share computation. The parties' experts' respective valuation conclusions and the revised Sheshunoff valuation were summarized by the Court of Chancery in the following chart: Valuation in $'000's: WBC 75.5% of WBC Greenwood Other Assets Total Per Sh. Petitioners (Clarke) Comparative Publicly-Traded Method: 33,059 24,960 20,952 6,814 52,726 76.59 With Control Premium: 43,300 32,692 27,100 6,814 66,606 96.7 6 DCF Method: 32,075 24,217 20,079 6,814 51,110 74.25 With Control Premium: 44,800 33,824 28,300 6,814 68,938 100.15 Comparative Acquisitions Method: 38,100 28,800 22,900 6,814 58,514 85.00 = fair value Respondents (Reilly) Capital Market Method: 28,400 41.26 DCF Method: 29,220 42.45 Average: 41.90 = fair value Sheshunoff (Updated) (Without Control Premium) Adjusted Book Value: 64.13 Adjusted Earnings Value: 76.80 The Court of Chancery concluded that $85 per share was the fair value of MGB's stock on the date of the merger.