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> outcry from the shareholders If you're a shareholder, you can vote "no" to selling with your shares. Generally, selling a public company requires the majorit
by mrandish 1y ago
> outcry from the shareholders
If you're a shareholder, you can vote "no" to selling with your shares. Generally, selling a public company requires the majority of the shares to vote "yes" in order to force the minority shareholders to go along with the sale. Usually the share price being offered represents a substantial uplift over the current trading price of the shares (and thus the value of the company). If the transaction unfairly hurts the financial value for minority shareholders they can sue to block the transaction (which does happen).
- willio58 1y agoThis makes a lot of sense. Thanks!