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Average Recent Buy-in PriceSoGenFranklin
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Shares8030
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Buy-in Price$103,600$100,000
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Average Recent Buy-in Price$102,618
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Expected Value, based on winning prob.KohlerDissenters
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Proposed Share Price$55,300$273,000
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Probability of Winning in Court70%30%
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Expected Value (prob. weighted)$120,610
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Implied ValuationsControlMinority
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Kohler's Proposal $ 93,883 $55,400
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Dissenters' Proposal $ 352,740 $273,000
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Independent ValuationsControlMinority
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DCF $ 93,883 $ 58,416
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Multiples $ 298,236 $ 185,569
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Estimate for Minority SharesShare Price% Diff
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Kohler's Proposal $ 55,400
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Indepedent DCF Valuation $ 58,416 5.44%
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Recent Buy-in Price $ 102,618 85.23%
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Expected Value, based on winning prob. $ 120,610 117.71%
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Indepedent Multiples Valuation $ 185,569 234.96%
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Dissenters' Proposal $ 273,000 392.78%
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SoGen's Highest Claim $ 400,000 622.02%
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