Which of the following is generally used to determine the value of stock when a dissenting shareholder exercises an appraisal right when a proposed merger is involved?
A) The value of shares on the day after the shareholder vote.
B) The value of shares on the day before the shareholder vote.
C) The value of shares on the day of the shareholder vote.
D) The value of shares 10 days before the shareholder vote.
E) The value of shares on the day the proposed merger was announced.

Question

Quizplus · Accepted Answer

Generally, the value of the shares on the day before the shareholder vote is used to value shares when an appraisal right is involved.

Which of the Following Is Generally Used to Determine the Value