A Return to Predictability in Public M&A Share Valuation: The Yukon Court of Appeal Overturns Supreme Court of Yukon’s Decision in Carlock v. ExxonMobil Canada

Introduction The Yukon Court of Appeal recently released its decision in Carlock v. ExxonMobil Canada Holdings ULC,[1] overturning the Supreme Court of Yukon’s unexpected decision to award dissenting shareholders a 43% premium over the negotiated deal price in ExxonMobil Canada Holdings ULC’s (“ExxonMobil”) acquisition of InterOil Corporation (“InterOil”) in 2017. The Court of Appeal’s decision... Continue Reading