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Drag-Along Rights |
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Drag-Along Rights The right of majority shareholders to force minority shareholders to sell their shares to a third party or to liquidate the company. Majority shareholders may exercise drag-along rights if a potential buyer will only agree to purchase 100% of a company. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Globalive also removed the proposed call and drag-along rights, substituting in their place a mutual liquidity right with, in AAL's case, a guaranteed floor price. Drag-along rights give the investors the right to force management to sell their stock in any sale of stock by the investors. Liquidity The Commission originally expressed concerns regarding the liquidity rights granted to Orascom as minority voting shareholder; in particular, the Commission felt that unilateral drag-along rights were inconsistent with the position of the Canadian shareholder as the majority voting shareholder. |
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