by Royer Advisors | Dec 11, 2024 | Court Rulings, IRS Regulation, Tax Planning, Valuations
Business valuations are prepared as of a specific date, similar to balance sheets. Sometimes a valuation’s effective date is in the past, and events have occurred after the valuation date that would have impacted the company’s value if investors knew (or...
by Royer Advisors | Dec 11, 2024 | Business Plans, Court Rulings, Uncategorized, Valuations
Chancery Adopts Merger Price Sans Cost Savings Reduction Merlin Partners LP v. AutoInfo, Inc., 2015 Del. Ch. LEXIS 128 (April 30, 2015) In a Delaware statutory appraisal action, the Chancery once again determined that the merger price trumped values resulting from...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning, Valuations
Value is relative. Some assignments require the valuation of a minority interest that may lack control and “marketability,” while others call for an appraisal of the entire entity on a controlling basis. How do these situations differ, and how are these differences...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
Which would you (or one of your clients) rather receive in a divorce settlement: cash or stock in a closely held business that is controlled by your former spouse? When divorce gets ugly, and it often does, cash might be a safer bet than in-kind distributions, but the...
by Royer Advisors | Dec 11, 2024 | Court Rulings, Valuations
In re Honer, 2015 Cal. App. Unpub. LEXIS 2531 (April 9, 2015) In a bitter California divorce, the valuation of two grocery stores was a sore point. The wife attacked the work of the husband’s expert because he used what he called the “marital value.” The appeals court...
by Royer Advisors | Dec 11, 2024 | Valuations
Washington Mutual, Inc. v. United States, 2014 Del. LEXIS 115 (March 14, 2014) In a case arising out of the savings and loan debacle, the successor-in-interest to a “healthy” thrift that agreed to take over a number of failing ones sued the government for a tax refund...
