Appraisal Rights
OCTOBER 31, 2019
On Oct. 24, Potter Anderson & Corroon LLP presented a webinar on the Delaware Limited Liability Company Act (DLLCA), including amendments to contractual appraisal rights. We noted previously that this update was occurring. The webinar highlighted that this year’s amendments to the DLLCA now provide for contractual appraisal rights in new situations.
Appraisal Rights
OCTOBER 30, 2019
Camelot Portfolios, an Ohio-based investment fund, is launching a new appraisal-focused fund. Camelot is no stranger to the space, since it uses appraisal strategies in an existing fund. The new fund will join a number of other funds offering exposure to appraisal strategies. Appraisal arbitrage has long been a strategy of certain investment funds; the strategy isn’t new (see, e.g., this 2007 presentation on the topic), but remains somewhat misunderstood within the larger world of appraisal righ
Appraisal Rights
OCTOBER 29, 2019
Loomis Sayles, an investment manager based in Boston, includes in its proxy voting guidelines {page A-100} a rule to vote “for proposals to restore, or provide shareholders with, rights of appraisal.” This is similar to a number of other investors we have previously covered – including pension funds , state investment boards , major proxy services , and other investment managers.
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