Court Of Chancery Suggests The Disclosure Of Free Cash Flows

Posted on October 6, 2011 by Edward M. McNally

Gaines v. Narachi, C.A. 6784-VCN (October 6, 2011)

What should be disclosed in a proxy is not always clear. This decision notes the reasons and the precedent to disclose free cash flows used to do a discounted cash flow analysis by an investment bank giving the fairness opinion.

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