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What???This is totally incoherent. Yes that's exactly how it works. Joe can ask for whatever price he wants and if he doesn't get that price then he has to kee
by anm89 7y ago
What???This is totally incoherent.
Yes that's exactly how it works. Joe can ask for whatever price he wants and if he doesn't get that price then he has to keep holding the asset.
An individual asking an unfair price for stock they own would not hold up the sale of other shares in the company in most (all?) cases unless they are the primary stake holder
- perl4ever 7y agoTypically, if the shareholders vote to accept an offer by someone to buy a public company, everyone including the people who were against it is involuntarily cashed out at the price that was accepted by the majority. This is a pretty common experience for anyone who owns growth stocks. It's why you can't just get rich by finding a fantastic public company, it has to stay public and independent. Common sense should tell you that there must be some mechanism to deal with holdouts any time a collective action problem is overcome.