Corporate
Sep. 25, 2014
Hedge funds wield new tool to challenge deals
The shareholder unrest that followed Dole Foods' $1.6 billion buyout last year has turned a spotlight on what has become one of the newest and most contentious strategies employed by activist investors: exercising appraisal rights.
Daily Journal Staff Writer
The shareholder unrest that followed Westlake Village-based Dole Food Co. Inc.'s $1.6 billion management-led buyout last year has turned a spotlight on what has become one of the newest and most contentious strategies employed by activist investors: exercising appraisal rights.
For a company's minority shareholders, appraisal rights have long served as an important stat...
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