Any tactic used by majority shareholders to deprive minority shareholders of governing control of a corporation. It is used to pressure the minority shareholders to sell their stock in the corporation, usually in the context of an acquisition.
Definition from Nolo’s Plain-English Law Dictionary
Majority shareholders in a company using their power to deprive one or more minority shareholders of their role in governing the company. This is done to force the minority shareholders to sell their stock at a reduced price and exit the company.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:16 pm