appraisal right การใช้

• Statutory mergers give shareholders exit rights, such as appraisal rights.
• Still, Nichols conceded, other shareholders could also choose appraisal rights, which would further affect the transaction.
• The threshold in the appraisal rights condition was raised to 15 percent from 10 percent of the shares outstanding.
• That leaves at least 45 percent cash for each of the remaining shareholders, in the event Blackacre exercises appraisal rights.
• Nichols also downplayed Blackacre's stated intent to exercise appraisal rights in the Highwoods deal and the effect it would have on other shareholders.
• Exercising appraisal rights, also known as dissenter rights, gives shareholders who oppose a merger a chance to get a higher cash price for the stock after negotiations or an independent appraisal.
• "To the extent that any large shareholders are involved, they will have enhanced appraisal rights in a two-step acquisition, and that's likely to lead some people to reconsider the strategy, " said John C . Coffee, a law professor at Columbia University.
• The amendment to the agreement announced Monday also effectively increases the number of shareholders who could exercise their appraisal rights _ which allow them to demand payment of a fair price for their shares _ without triggering AXA's right to abandon the deal.
• A shareholder might claim that a transaction was a " de facto non-merger " to argue that certain non-merger provisions in the company's articles of incorporation should apply ( such as special redemption rights ), especially when those provisions might be more favorable to the shareholder than default appraisal rights ).