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Appraisal rights |
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Appraisal rights A right of shareholders in a merger to demand the payment of a fair price for their shares, as determined independently. Appraisal rights In mergers and acquisitions, the right of shareholders who object to being acquired to demand a fair price for their shares, as determined by a court. In theory, this guarantees that shareholders are adequately compensated for being overridden on the merger or acquisition. These shareholders may elect to have their shares purchased by the acquiring corporation at the price set by the court. In the United States, most states grant appraisal rights in their regulatory statutes. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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00 in cash without interest (other than shares of RMI's common stock held by RMI Minnesota's parent corporation and by RMI's stockholders who have perfected their appraisal rights under Delaware law, if any). Alternatively, the former Marlton stockholders are entitled to appraisal rights under Pennsylvania law, and a full description of these rights, including business and financial information regarding Marlton, will be mailed promptly to all former Marlton stockholders. As a result of the merger, each outstanding share of common stock of Myogen, other than those held by Gilead or Myogen or their respective subsidiaries, or holders who properly exercise appraisal rights, has been converted into the right to receive $52. |
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