How can a public company go private when there are still shares out there?
With Twitter being a perfect example, how can a company go private if there’s still shares they need to buy back? Say for example 1 person buys 98% of the companies shares, but a person who holds 2% doesn’t want to sell or multiple share holders don’t want to sell, how can they be forced to take a buy-out?
I was looking this question up because I found a stock OXY where Berkshire has bought 21% of the public shares with a goal to buy 50%+ public shares. Anyways the only answer I found is the person or company has to buy majority of public shares and then will make a set-price to buy off the rest. So how can a company go private when they haven’t bought all the shares back or if a shareholder that for example, has 3,000 shares refuses to sell and wants to be a >1% shareholder? How is that legal to force them to sell when technically they own part of the company?
$Tesla (TSLA.US)$ $Twitter (Delisted) (TWTR.US)$
I was looking this question up because I found a stock OXY where Berkshire has bought 21% of the public shares with a goal to buy 50%+ public shares. Anyways the only answer I found is the person or company has to buy majority of public shares and then will make a set-price to buy off the rest. So how can a company go private when they haven’t bought all the shares back or if a shareholder that for example, has 3,000 shares refuses to sell and wants to be a >1% shareholder? How is that legal to force them to sell when technically they own part of the company?
$Tesla (TSLA.US)$ $Twitter (Delisted) (TWTR.US)$
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TeslaSmurf : Twitter had a shareholder‘s meeting where the shareholders VOTED to accept Elon’s public offer because it was way higher than the market price. With that, the board receives the mandate to retire all the stocks from the market at the accepted price. Are you an ex-Twitter shareholder ? THEY have freely decided to sell so WHY would you criticise their decision? The majority of shareholders has the power (by legal statute) to take that decision.
tetsuu TeslaSmurf : Your reply make it seem like you're taking things way too personally
Chill pill for you bro ![pill 💊](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f48a.png)
TeslaSmurf tetsuu : Not at all, just telling things as they ARE, but you can keep living in a fantasy world and base your trades on that
If you don’t know something, you STUDY before. You don’t spread misinformation writing things that are WRONG.
TeslaSmurf : Do I take it personally ? Maybe you are right: I can’t stand the FUD and untruthful information that may induce others to make wrong choices.
tetsuu TeslaSmurf : yo chill I'm not the original commentator, you'd have to check both your chill pill cabinet and who you're replying to as well otherwise that would count as misinformation?![joy 😂](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f602.png)
![joy 😂](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f602.png)
Well, also American market, free speech.
Adolphn OP TeslaSmurf :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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Adolphn OP tetsuu :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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MonkeyGee tetsuu : are u sure about that