My Finding of Facts and Conclusion of Law: It is generally known that price of shares of comparable companies include a discount from the enterprise value of the company as whole. There is no control premium given in calculating total enterprise value (TEV) of the Debtor. The minority discount inherent in the trading prices of the comparable companies must be reserved by applying a control premium to the equity component of the valuation. The 30% control premium must be added to the TEV.
'Courts of bankruptcy are essentially courts of equity, and their proceedings inherently are proceedings in equity.'
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.