Examples of Dissenter in a sentence
The event type can however not be changed.For example, Dissenter Rights [MT 564 – Seq.
If the corporation can rebut the petitioner’s prima facie case and demonstrate that Cede actually voted the particularshares in favor of the merger, then the appraisal petitioner cannot satisfy the Dissenter Requirement for those shares.In my view, distinguishing the Appraisal Arbitrage Decisions on this ground is necessary to avoid an absurd result.
Under those opinions, an appraisal petitioner that held in street name can establish a prima facie case that the Dissenter Requirement was met by showing that there were sufficient shares at Cede that were not voted in favor of the merger to cover the appraisal class.
For the Dissenter Requirement, this would mean that a stockholder would be foreclosed from seeking appraisal if it voted a single share in favor of the merger.8 But that is not how the Delaware Supreme Court interpreted the statute in Reynolds II and Olivetti II, the seminal precedents in this area.
Rowe Petitioners because of their failure to satisfy the Dissenter Requirement.