Venture Deals · glossary
A minority holder’s right to sell alongside a holder who sells control, at the same price and on the same terms. Preference shares count as the ordinary shares they would convert into. Article 14.2 · Chapter 14
Explained in Chapter 14, Transfers, Tag and Drag, of Venture Deals.
The main page for this term is Tag-along, in Shareholders' Agreements.
Tag-along lets a small holder sell when a large holder sells control. Under article 14.1, a transfer that would give a buyer more than half the votes needs an offer first. The buyer must offer to buy every other holder's shares, and each holder may accept or stay.Read Chapter 14, Transfers, Tag and Drag →
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