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Re: onemessageonly post# 43

Friday, 02/22/2013 12:08:26 PM

Friday, February 22, 2013 12:08:26 PM

Post# of 205
Well...apparently the liquidation preference "is" negotiable(extremely) in Delaware given recent developments over the past couple of years(especially this past summer):

Client Alert: Liquidation Preference Not Applied in Delaware Appraisal Rights Action

"On July 18, 2012, Court of Chancery of Delaware’s Chancellor Strine excluded the application of a liquidation preference when determining the value of common equity in an appraisal action."

http://www.duffandphelps.com/expertise/publications/pages/ArticleDetail.aspx?itemid=287&list=Articles

That leaves the pension liability.