Golden Telecom, Inc., Respondent Below, Appellant v. Global Gt Lp and Global Ft Ltd., Petitioners Below, Appellees

Summary

The Supreme Court of Delaware affirmed the Court of Chancery's appraisal judgment valuing Golden Telecom at $125.49 per share. It held that Delaware's appraisal statute requires an independent determination of fair value and does not permit conclusive or presumptive deference to the merger price or require a company to adhere to previously disseminated company-specific valuation data. The court also held that the Vice Chancellor did not abuse his discretion in selecting and applying the valuation evidence.