Loomis Sayles, an investment manager based in Boston, includes in its proxy voting guidelines {page A-100} a rule to vote “for proposals to restore, or provide shareholders with, rights of appraisal.” This is similar to a number of other investors we have previously covered – including pension funds, state investment boards, major proxy services, and other investment managers. Thematically, it’s clear that investors view appraisal as an important and valuable right.

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