The Delaware Supreme Court's April 2019 decision in Verition Partners Master Fund Ltd. v. Aruba Networks, Inc. reversed the Delaware Court of Chancery's finding that unaffected market price was fair value, holding instead that deal price minus synergies was the more reliable indicator of fair value. Aruba underscores the importance of deal price as an indicator of fair value "absent deficiencies in the deal process." The ruling also marks the third time in three years that the Supreme Court has reversed a Court of Chancery decision for underweighting deal price ( Dell, Inc. v. Magnetar Global Event Driven Master Fund Ltd and DFC Global Corp. v. Muirfield Value Partners, L.P. are the other two cases). 1