Glasscock Refuses to Adjust Purchase Price for 'American Idol' Owner

, Delaware Business Court Insider

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A Delaware Court of Chancery vice chancellor declined to modify his November decision declaring the $509 million price offered for "American Idol" owner CKx Inc. was fair market value. The opinion, authored by Vice Chancellor Sam Glasscock III, made headlines last year when the judge broke from the Chancery Court's tradition of using discounted cash flow to determine a company's value.

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