Perfection of Delaware Appraisal Rights

The following is a general summary of § 262 of the DGCL. The rights and obligations of stockholders and companies will vary depending upon the circumstances of the particular merger. The appraisal process under § 262 of the DGCL, however, generally proceeds as follows. A company must...

Chancery Decides Issue of First Impression Regarding Appraisal Rights in Short-Form Merger

Roam-Tel Partners v. AT&T Mobility Wireless Operations Holdings, Inc., C.A. 5745-VCS (Del. Ch. Dec. 17, 2010), read opinion here. Issue Decided The Court of Chancery in this 32-page decision decided an issue of first impression. The Court addressed whether a demanded appraisal within the statutorily...