Appraisal Rights

JULY 23, 2018

The possible impact of blockchain based shareholder governance, including shareholder voting, has been a hot topic in recent years. We’ve covered a number of potential intersections between blockchain and corporate governance (including appraisal) before. Professor Christopher Brunor of the University of Georgia reviews a recent scholarly proposal for blockchain based shareholder governance in this recent piece.

Appraisal 52

Appraisal 52

Appraisal Rights

JULY 25, 2018

Does appraisal arbitrage create costly uncertainty for a putative corporate buyer? In The Cost of Appraisal Rights: How to Restore Certainty in Delaware Mergers , 52 Ga. L. Rev. 651 (Winter 2018), the author argues that the well-established ability to alienate voting interest from equity interest with common stock opened the door to appraisal arbitrage – and that either a legislative, or a market plumbing solution, could ameliorate corporate buyers risks when entering into a merger.

Appraisal 40

Appraisal Equity Marketability 40

Appraisal Rights

JULY 24, 2018

The press release by Arca Capital , which previously announced it is pursuing appraisal with respect to AmTrust Financial, highlights a basic question in appraisal: How public are the proceedings? As an initial matter, you do not need to be as public as Arca. The appraisal process starts with a series of letters to ‘perfect’ your appraisal rights – and that occurs between you, your lawyers, and the relevant brokers and nominees.

Appraisal 40

Appraisal 40