2 ms·
That is just bizarre. So if you buy out a company where no other group even tries to outbid you investors can later come back and claim you did pay a fair marke
by Shivetya 10y ago
That is just bizarre. So if you buy out a company where no other group even tries to outbid you investors can later come back and claim you did pay a fair market value?
Has this happened with other buyouts or mergers? I thought the point of the share price was to show what investors were willing to pay. To assume every buyout is purposefully under cutting the price by 25% will just depress future offers
- pliny 10y agoIANAL but you can search through the Delaware court system website[1] with the text "appraisal" and find plenty of examples of this sort of lawsuit, which I understand is very common (perhaps to the degree that every buyout gets challenged by shareholders who voted against the buyout). [1]http://courts.delaware.gov/opinions/ http://courts.delaware.gov/opinions/