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In fact, this "last stakeholder" problem is one of the game theoretic reasons for things like eminent domain.
by pwang 14y ago
In fact, this "last stakeholder" problem is one of the game theoretic reasons for things like eminent domain.
- mikecsh 14y agoThanks both of you for the explanation
- antr 14y agoSqueeze-out legislation has eliminated this problem. With control thresholds at 90% to 95%, as of today it is rare that this "last stakeholder" problem arises, as minority shareholders consent for their share sale is not required. Having said that, if you look close at the consortium's offer, there is for sure a clause that states that the offer is for x%-100% of the outstanding share capital.