As we previously covered, a recent South African court decision has clarified the scope of appraisal rights in that country with respect to a deal that was other than a classic merger.

Webber Wentzel, a law firm practicing in South Africa, has written this piece on the decision, concluding, “The decision of the High Court will give comfort to minority shareholders seeking to exit group companies where they oppose certain corporate actions at subsidiary-level.” The law firm also states that the defendant/respondents intend to appeal–so we can expect further developments on South African appraisal in the future.

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