TY  - JOUR
T1  - Shareholder Rights in Mergers and Acquisitions: Are Appraisal Rights Being Abused?
JF  - Finance Research Letters
Y1  - 2017
A1  - Kalodimos,Jonathan
A1  - Lundberg,Clark
KW  - Finance
AB  - Appraisal rights grant dissenting shareholders in an acquisition the right to petition the court to determine the value of their shares. These rights can protect shareholders from acquisitions below fundamental value or can be abused by opportunistic investors. We examine the use of appraisal rights and find the evidence is most consistent with appraisal rights functioning as recourse when the target firm is sold below fundamental value.
U2  - a
U4  - 138602024960
ID  - 138602024960
ER  -