Colos Short and Curlies Posted April 1, 2009 Share Posted April 1, 2009 I'm sure someone will know the answer to this... At what level of shareownership does it become compulsory for all other shareholders to sell their holdings? The Company I work for is looking to take ownership of a company with 5 shareholders, 4 of which would be willing sellers with no haggling (The total share capital is worth £100 and they would sell for nominal value). The final share owner is the ex Financial Controller of the company doing the buying who was made redundant in December and is taking the firm to tribuanl. Obviously this makes things a bit tricky. I'm hoping that if we buy 90% of the shares we could force her to sell at a nominal value. Any thoughts? Link to post Share on other sites More sharing options...
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