Appraisal rights:

Select one:

a. are granted to all involved shareholders in a merger to ensure both the shareholders of the acquiring firm and the acquired firm receive adequate value from a merger.

b. grant any synergy benefits from a merger to the shareholders of the acquired firm.

c. allow the shareholders of an acquired firm to demand fair value for their shares.

d. allow the shareholders of an acquired firm to determine the value that is to be placed on the remaining "shell" of their firm after a merger.

e. are designed to eliminate the need for legal battles in connection with a merger.