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