NEW:  The Long Rise and Quick Fall of Appraisal Arbitrage empirically examines the prevalence and economics of appraisal arbitrage, comparing periods before and after 2016.

Lowenstein Sandler discusses competing conclusions regarding whether the existence of the appraisal remedy results in lower arbitrage spreads, and thus benefits stockholders generally, as argued in Merger Negotiations in the Shadow of Judicial Appraisal (Boone; Broughman; Macias), and Do Appraisal Challenges Benefit Target Shareholders Through Narrowing Arbitrage Spread? (Jetley; Huang), which challenges the prior study’s methodology, in Article Challenges Methodology of Study Showing That Appraisal Narrows Arbitrage Spreads.