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Corporate law 2020 YKCA 4

Carlock v. ExxonMobile Canada Holdings ULC

The Yukon Court of Appeal allowed Exxon’s appeal and fixed the fair value of dissenting InterOil shares at US$49.98, holding the transaction price was the best market evidence.

  • Dissent and appraisal rights
  • Fair value determination
  • Plan of arrangement
  • Discounted cash flow valuation
  • Market evidence vs theoretical valuation
  • Corporate governance in sale process
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