The "fair value" of shares under appraisal rights is the mid-point between what a corporation is willing to pay and a shareholder is willing to accept.

Question

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The "fair value" of shares under appraisal rights is determined by the court or an independent appraiser, and is not necessarily tied to what a corporation is willing to pay or what a shareholder is willing to accept. It is meant to represent the intrinsic value of the shares at the time of the transaction in question.

The "Fair Value" of Shares Under Appraisal Rights Is the Mid-Point