Hedge Funds Lose Jarden Appraisal Bid
Jarden investors saw a DE Chancery Court judge rule that the fair value of the company was $48.31 per share, well below the $59.21 per share paid by Newell in its 2016 acquisition. The hedge funds led by Fir Tree Partners and Verition Fund Management had brought the suit to attempt what is called appraisal arbitrage, where under DE law an ... Log in to view full article.
