Shearman & Sterling LLP multinational law firm headquartered in New York City, United States.

Litigation, Gavel and Scales of Justice

Jun 19, 2018

M&A Watch: Not So Sweet – No Appraisal Rights for Dr Pepper Stockholders

Subscribe

Jump to...

 

The Delaware Court of Chancery recently delivered the latest in a line of decisions refining the application of statutory stockholder appraisal rights in M&A transactions.  In City of North Miami Beach General Employees’ Retirement Plan v. Dr Pepper Snapple Group, Inc. (Del. Ch. June 1, 2018) (“Dr Pepper”), the court declined to extend the Delaware appraisal statute to apply to a change–of–control transaction that technically fell outside the strict parameters of the statute – even though the transaction economically resembled a typical public company acquisition. 

Read the full memo, Not So Sweet – No Appraisal Rights for Dr Pepper Stockholders

Authors and Contributors

George Casey

Partner

Mergers & Acquisitions

+1 212 848 8787

+1 212 848 8787

New York

Scott Petepiece

Partner

Mergers & Acquisitions

+1 212 848 8576

+1 212 848 8576

New York

Richard Fischetti

Partner

Mergers & Acquisitions

+1 212 848 5179

+1 212 848 5179

New York

Alan S. Goudiss

Partner

Litigation

+1 212 848 4906

+1 212 848 4906

New York

K. Mallory Brennan

Partner

Litigation

+1 212 848 7657

+1 212 848 7657

New York