Minority Shareholders

Working Paper

01 July 2003

Mandatory Bids, Squeeze-out, Sell-out and the Dynamics of the Tender Offer Process

The European Commission's draft directive (October 2002) proposes to introduce a squeeze-out right and a sell-out right and to set the price in a mandatory bid equal to the highest price paid in the 6 or 12 preceding months. Drawing on...

Mike Burkart | Fausto Panunzi