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On Tuesday, the Delaware Supreme Court reversed a lower court ruling that payday lender DFC Global Corp was sold too cheaply in 2014 and criticized findings that show how private equity buyers pay less than a fair value in many merger deals. The ruling stems from a so-called appraisal action over the sale of DFC Global to Lone Star Funds for $9.50 per share, or about $1.3 billion. According to Brooklyn Law School professor Minor Myers, the ruling indicates that properly run merger deals would be protected from appraisal cases, even those involving private equity. Myers said, "The identity of the buyer doesn't matter, it's the character of the sales process." http://feeds.reuters.com/~r/Reuters/d... http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com

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domesticNews DFC Global Corp Delaware Supreme Court Corporate Finance Financial Markets Investment Private Equity Mergers And Acquisitions Andre Bouchard