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State Courts -
Delaware - May 3 - May 4, 2004
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In re Emerging Communs., Inc. S'Holders Litig., Consolidated Civil Action No. 16415,
COURT OF CHANCERY OF DELAWARE, NEW CASTLE, May 3, 2004, Decided
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Overview: In an appraisal proceeding, the fair value of the shares was determined by using the latest financial projections prior to the merger, calculating the cost of debt input, cost of equity including premiums, and adding interest, compounded monthly.
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