Holdout,

These cases demonstrate that judges actually take the time to determine what fair value is... for example, they looked at NAV, they looked at earnings (which is non-existent here), they looked at comparables/recent transactions. Rather than simply saying that offer price (i.e. 0.4 * WTG) is the fair value, they spend considerable effort to see if the offer is fair... they're also willing to bring in third party valuators or expert testimony.

Cheers,

Uall