Appraisal rights

Appraisal rights

A right of shareholders in a merger to demand the payment of a fair price for their shares, as determined independently.

Appraisal Right

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.
References in periodicals archive ?
This is because if you own Dell and opt for appraisal rights, you have a rare opportunity to make a profit without taking risk.
Polialden shareholders that exercise their appraisal rights will receive a cash payment of R$0.
He also spurred the creation of a new law concerning the rights of minority owners in real estate corporations who exercised their appraisal rights upon corporate dissolution.
In such instances, of course, the minority stockholders enjoy stockholders' appraisal rights, which offer them the right to seek compensation for the fair value of their holdings.
We are in the process of perfecting our right to seek appraisal of our Dell shares and we believe that you should also perfect your appraisal rights.
NYSE: CMX) today mailed supplemental disclosures regarding shareholder appraisal rights and the structure of fees to its financial advisors in connection with Caremark's planned merger with CVS (NYSE: CVS).
4, 2012 /PRNewswire/ -- Sadis & Goldberg won a major victory in an appraisal rights trial, in which Chancellor Strine appraised its clients' shares in The Orchard Enterprises, Inc.
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).
As a result of the merger, each share of Celera common stock (other than shares held by Celera, Quest Diagnostics or any of their respective affiliates, or shares held by stockholders that properly exercise appraisal rights under Delaware law) was converted into the right to receive the same $8 in cash, without interest and less any withholding of taxes, that was paid in the tender offer for all outstanding shares of Celera common stock, which expired on May 10.
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.
If the merger receives the requisite level of support from the Company's shareholders, and you have not opted to exercise appraisal rights (discussed below), each outstanding share of the Company's common stock will be exchanged for the right to receive $43.