Posted by Gail Weinstein and Brian T. Mangino, Fried, Frank, Harris, Shriver & Jacobson LLP, on Friday, June 2, 2017
In In re Appraisal of PetSmart, Inc. (May 26, 2017), which related to the acquisition of PetSmart, Inc. (the “Company”) by funds managed by private equity firm BC Partners, Inc., the Delaware Court of Chancery determined “fair value” for appraisal purposes to be equal to the merger price.
