Amending California's dissenters' rights statute

more+
less-

Originally published in the Daily Journal on December 21, 2012.

On Sept. 23 Gov. Jerry Brown signed Assembly Bill 1680 into law. AB 1680 amends California's dissenters' rights statute by (i) eliminating dissenters rights for shareholders of California-incorporated where those shareholders are to receive unrestricted, publicly traded stock of the acquiring company, (ii) clarifying how "fair market value" is to be determined in those transactions where dissent rights continue to be applicable, and (iii) making certain technical amendments to clarify the process to perfect dissenters rights in California.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Topics:  Acquisitions, Dissenters Rights, Fair Market Value, Mergers, Shareholder Rights, Shareholders

Published In: Business Organization Updates, Mergers & Acquisitions Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »