释义 |
appraisal right Appraisal RightIn mergers and acquisitions, the right of shareholders who object to being acquired to demand a fair price for their shares, as determined by a court. In theory, this guarantees that shareholders are adequately compensated for being overridden on the merger or acquisition. These shareholders may elect to have their shares purchased by the acquiring corporation at the price set by the court. In the United States, most states grant appraisal rights in their regulatory statutes.appraisal right The right of minority shareholders to obtain an independent valuation of their shares to determine a fair value in a two-tier tender offer. See also fair price amendment. |