appraisal rights
Law noun
A dissenting shareholder's statutory entitlement to a judicial determination of the fair value of shares cashed out in a merger.
A cohort of arbitrageurs perfected appraisal rights, betting the court would value the stock above the deal price.
Business noun
A dissenting shareholder's entitlement to have a court fix the fair value of their shares instead of accepting the deal price.
A couple of hedge funds are noising about appraisal rights, betting a judge values the stock above our bid.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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