Appraisal Rights

FEBRUARY 15, 2018

Today Vice Chancellor Laster issued his ruling in the Aruba Networks appraisal case. The award set the stock’s fair value at Aruba’s thirty-day average unaffected market price, which was $17.13 per share, well below the merger price of $24.67.

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Appraisal Rights

FEBRUARY 14, 2018

Cooley LLP provided a recap of 2017 M&A, along with an outlook for 2018 for Lexology , which includes a discussion of appraisal conditions in private M&A deals. We have blogged previously about the possibility of acquirers including appraisal conditions in public deals. This 2018 M&A Outlook is a good reminder of the role that appraisal plays in mergers of non-public companies.

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Appraisal Rights

FEBRUARY 13, 2018

As reported by Pensions & Investments , the Arkansas Teachers Retirement System has committed $30 million to an alternative asset manager specializing in appraisal opportunities. Further highlighting the focus on appraisal, the Fund committed an additional $30 million to a different fund, but agreed to expand that fund to include appraisal. As we’ve blogged about before, appraisal can be both a critical investor protection and a viable way for investors to increase returns in M&A deals.

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