Appraisal as an M&A Investment Strategy

Breakfast Briefing - Dallas
Tuesday,  June 17, 2014
8:30am - Continental Breakfast
9:00-10:30am - Meeting
Rosewood Mansion on Turtle Creek

Historically, the remedy of Appraisal has received little notice in the M&A community. Recently, that has changed. There are more appraisal actions being filed with every deal. Carl Icahn publicly threatened to use Appraisal in the Dell fight, although he eventually took the deal price. Nonetheless, millions of other shares have filed for the remedy. Funds with hundreds of million in capital have even formed around a strategy of M&A Appraisal. Yet, it is below the radar of most investors.

A small, select group of institutional investors, hedge funds, family offices, and their advisors are being invited to this briefing. To encourage frank, open discussion, Chatham House rules will be followed so that comments made by participants will not be quoted without prior approval by the participant.

Discussion Leaders:

• Jay Eisenhofer, Managing Director at  Grant & Eisenhofer P.A., has been counsel in more multi-hundred million dollar cases than any other securities litigator.  He is consistently ranked as a leading securities and corporate governance litigator and  has been named by Lawdragon to its list of the top 500 lawyers in America for the past two years.
• Kevin Dages, CPA, is Executive Vice President at Compass Lexecon and a court-certified expert in matters relating to accounting, valuation and M&A disputes.
• Geoffrey Jarvis, Director at Grant & Eisenhofer P.A., is widely recognized for his work in Delaware corporate law, appraisal remedies, and litigation related to protecting and promoting the rights of institutional shareholders.
• Geoff Stern is Managing Member of Muirfield Value Partners, an asset management firm dedicated to Appraisal Rights investing.  Mr. Stern spent 20 years at Donaldson Lufkin & Jenrette, where he was a partner in the Mergers and Acquisitions group.

CLE credits are available in most US jurisdictions.

To nominate someone for participation in this briefing, please email appraisalbreakfast@iief.org or call Jill Durant: +1-617-674-2201.