Shareholders' Agreements · glossary
The last step for ending a deadlock before winding up. One owner names a single cash price per share, and the other must either buy its shares or sell its own at that price. A recipient that does not choose within 30 business days is treated as selling. Clause 6.5 · Chapter 5
Explained in Chapter 5, Deadlock, of Shareholders' Agreements.
The owner that serves a buy-sell notice is the offeror, and the other is the recipient. Three points in the clause need care…Read Chapter 5, Deadlock →
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