Anadigics Investor Seeks Rare 'Quasi-Appraisal' In Del.

Law360, Wilmington (October 11, 2016, 8:51 PM EDT) -- An investor in semiconductor company Anadigics Inc., who is already seeking appraisal of his shares after a $78.2 million acquisition by II-VI Inc., lodged class claims Monday in Delaware Chancery Court asking for an uncommon "quasi-appraisal," alleging company misstatements prevented shareholders from having their stock appraised.

Investor Enrique Elortegui, who also argues Anadigics was undervalued in the merger, claims that when the company sent out its solicitations to recommend the deal, it told shareholders they had the latter of either the deal consummation date or March 21 to exercise their rights to have their shares appraised by the Chancery Court....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!