Cayman Court makes first ruling on the meaning of "Fair Value" under the statutory merger regime
- the market approach – ie obtaining an indication of value by comparing the subject asset with identical or similar assets for which price information is available;
- the income approach – ie obtaining an indication of value by converting cash flows to a single current capital value; and
- the cost (or asset based) approach - ie obtaining an indication of value by using the economic principle that a buyer will pay no more for an asset than the cost to obtain an asset of equal utility.
Published September 13, 2015
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