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A squeeze-out [1] or squeezeout, [2] sometimes synonymous with freeze-out, [2] is the compulsory sale of the shares of minority shareholders of a joint-stock company for which they receive a fair cash compensation.
Shareholder oppression occurs when the majority shareholders in a corporation take action that unfairly prejudices the minority. It most commonly occurs in non-publicly traded companies, because the lack of a public market for shares leaves minority shareholders particularly vulnerable, since minority shareholders cannot escape mistreatment by selling their stock and exiting the corporation. [1]
In New York in particular, minority members of limited liability companies run the risk of being involuntarily cashed out of the company in a “freeze-out” merger or “midnight merger ...
Minority shareholders claimed to recover money paid away contrary to the financial assistance prohibition (now found at section 678 of the Companies Act 2006) and being ultra vires. They had 14% of the company's shares, the defendants held 63%, and another shareholder, who did not want litigation, held 21%.
In a brewing battle, the founders of Tree House Brewing Co. are firing back and denying claims made in a lawsuit by a minority shareholder Tree House Brewing Co. responds to lawsuit from minority ...
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Signal's board unanimously voted to propose a merger at $21 per share. Upon receiving this offer, UOP's board urged the shareholders to approve the merger. The merger was approved and became effective in May, 1978. Plaintiff brought a class action on behalf of the minority shareholders of UOP, challenging the fairness of the merger agreement.
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