The 3.5 Cent Valuation at fully-diluted and 2x for 7 Cents is fair and appropriate by their own public disclosure of value and historic valuation. Anyone looking carefully at the financials can see the valuation (at best) and problems with forward business due to the major decline in admissions.
The board has independent directors in the decision and I'm sure they will give any offer a fair appraisal in voting approval.
Where you are coming up with this 3rd party idea is interesting, but unnecessary and may have no legal standing (IMO). However, getting a opinion from an appraisal isn't going to change the problems and those being bought-out on the inside in this insider-buyout are the only ones with any legitimate complaints on any buyout number. If they decide to attempt to block it under Pinky Nevada Law, good luck on that. If it went out for a public vote in lacking a majority, I could see the appraisal process as beneficial in acquiring majority....if that's what you see as a prior example to support that process.
Tenet certainly didn't think the value was wrong with better financials (and admissions) back in 2005, so why would anyone argue with their prior appraisal if you're getting 2x that amount now. Tenet got rid of these as drag on their books and wanted out of Orange County.
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