Legal Question in Business Law in Connecticut
preferred Stock valuation
How can preferred stock in a private company be re-valued?
Asked on 7/23/07, 1:40 pm
1 Answer from Attorneys
Francis Pennarola
Chipman, Mazzucco, Land & Pennarola
Re: preferred Stock valuation
Preferred stock can be appraised like any other asset. Its value is a function of the underlying company and the rights the holders of perferred stock have. Absent a recapitalization approved by an appropriate percentage of directors and shareholders, it is unlikely that the rights of preferred shares can be changed
Answered on 7/23/07, 1:53 pm
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