Ewa is a shareholder of Fresh Produce, Inc., whose management is con?sider?ing a tender offer by Green Grocery Stores Corporation. Eve elects to exer?cise her appraisal rights. In some jurisdictions, now Eve can

Question

Quizplus · Accepted Answer

When a shareholder exercises their appraisal rights, they are essentially indicating that they do not agree with the proposed tender offer and wish to have their shares bought back at their fair value. In some jurisdictions, shareholders who exercise their appraisal rights forfeit their right to participate in shareholder votes and receive dividends until the appraisal process is completed. Therefore, the correct answer is B - Ewa cannot participate in shareholder votes or receive dividends.

Ewa Is a Shareholder of Fresh Produce, Inc