The right of the owners of a specified percentage of the shares (usually 60-70%) of the company to require other shareholders to sell their shares or to vote their shares to approve the sale of the company. This prevents one group of shareholders from blocking the sale of the company to someone only interested in purchasing 100% ownership of the company.
The right of the owners of a specified percentage of the shares (usually 60-70%) of the company to require other shareholders to sell their shares or to vote their shares to approve the sale of the company. This prevents one group of shareholders from blocking the sale of the company to someone only interested in purchasing 100% ownership of the company.