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Two bidders have sought to buy Florida based Perry Ellis – one group of reported ‘insiders’ connected to management, and then an outside company, Randa. Besides the inherent interest of multi-bidder scenarios for an investor considering appraisal, both sides of this – increasingly chippy – fight have invoked appraisal as part of promoting their bids.
We’ve written before about the Dr. Pepper case and its impact on appraisal. For another view, see the National Law Review article recapping the decision.
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