contingent value right

contingent value right
USA
contingent value right, Also known as CVR.
A right given to stockholders of a public target company that entitles them to additional consideration, either in the form of cash or stock (or a combination of both), upon the satisfaction of certain milestones. These milestones can be based on certain events (such as the receipt of FDA approval for a new drug) or linked to the target company's performance over a certain period of time.
A CVR is similar to an earn-out. It provides a way for the buyer and seller to bridge valuation gaps. CVRs are more common in pharmaceutical and biotech M&A transactions.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Contingent Value Rights - CVR — A type of right given to shareholders of an acquired company (or a company facing major restructuring) that ensures they receive additional benefit if a specified event occurs. A contingent value right is similar to an option because it often has …   Investment dictionary

  • right — / rīt/ n [Old English riht, from riht righteous] 1 a: qualities (as adherence to duty or obedience to lawful authority) that together constitute the ideal of moral propriety or merit moral approval b: something that is morally just able to… …   Law dictionary

  • Right to keep and bear arms — The right to keep and bear arms, RKBA, [ [http://acronyms.thefreedictionary.com/rkba What does RKBA stand for? Acronyms and abbreviations by the Free Online Dictionary.] ] or right to bear arms is the concept that people, individually or… …   Wikipedia

  • Time value of money — The time value of money is the value of money figuring in a given amount of interest earned over a given amount of time. The time value of money is the central concept in finance theory. For example, $100 of today s money invested for one year… …   Wikipedia

  • Stock Appreciation Right — Stock appreciation rights (SARs) is a method for companies to give their management or employees a bonus if the company performs well financially. Such a method is called a plan . Stock appreciation rights (SARs) and phantom stock are very… …   Wikipedia

  • CVRs — USA contingent value right, Also known as CVR. A right given to stockholders of a public target company that entitles them to additional consideration, either in the form of cash or stock (or a combination of both), upon the satisfaction of… …   Law dictionary

  • CVR — USA contingent value right, Also known as CVR. A right given to stockholders of a public target company that entitles them to additional consideration, either in the form of cash or stock (or a combination of both), upon the satisfaction of… …   Law dictionary

  • Genzyme — Corporation Rechtsform Corporation ISIN US3729171047 Gründung 198 …   Deutsch Wikipedia

  • Sanofi-Aventis — Sanofi Rechtsform Société Anonyme ISIN FR0000120578 Gründung …   Deutsch Wikipedia

  • Kant’s moral and political philosophy — Don Becker Practical philosophy, for Kant, is concerned with how one ought to act. His first important work in practical philosophy, Foundations of the Metaphysics of Morals, provides Kant’s argument for the fundamental principle of how one ought …   History of philosophy

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”