The Delaware Supreme Court chamber in Dover. Shareholders Say Upholding Chancery Decision Would Destroy Appraisal Rights in DGCL
The shareholders' appeal states it's asking the court to apply Delaware's appraisal statute to determine for the first time whether, for appraisal purposes, a dividend paid after a merger closed can be considered part of the merger, as well as that dividend's effect on appraisal rights.
December 08, 2021 at 06:06 PM
3 minute read
A Chancery decision in a case decided earlier this year cuts appraisal rights out of corporation law, an attorney for GGP Inc. shareholders argued Wednesday before the Delaware Supreme Court.
The shareholders' appeal states that it's asking the court to apply Delaware's appraisal statute to determine for the first time whether, for appraisal purposes, a dividend paid after a merger closed can be considered part of the merger, as well as that dividend's effect on appraisal rights.
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