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Silver Lake lawsuit targets hedge fund appraisal arbitrage
Original: Silver Lake lawsuit takes aim at hedge fund appraisal arbitrage
Silver Lake has filed a lawsuit taking aim at hedge funds' appraisal arbitrage strategies. The practice, in which funds buy shares of companies undergoing buyouts to seek higher valuation through appraisal proceedings, has drawn criticism from private equity firms who see it as exploiting deal terms. The case could sharpen the ongoing legal fight over how Delaware courts value shares in merger disputes.
Why now: The suit challenges a widely used hedge fund strategy and could have significant implications for buyout deal litigation.
Silver Lakehedge fundsDelaware courts
Evidence
- Silver Lake lawsuit takes aim at hedge fund appraisal arbitrage · hedgeweek.com
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