| 词条 | Drag-along right |
| 释义 |
Drag-along right (DAR) is a legal concept in corporate law. Under the concept, if the majority shareholder(s) of an entity sells their stake, the prospective owner(s) have the right to force the remaining minority shareholders to join the deal. However, the owner must usually offer the same terms and conditions to the minority shareholders as to the majority shareholder(s). Drag-along rights are fairly standard terms in a stock purchase agreement. This right protects majority shareholders (allowing them to sell to an owner desiring total control of the entity, without being encumbered by holdout investors) but also protects minority shareholders (who can sell their investment on the same terms and conditions as the majority shareholder).[1] This differs from a tag-along right, which also allows minority shareholders to sell on the same terms and conditions (and requires the new owner to offer them), but does not require them to sell. Drag-along rights typically terminate upon an initial public offering.[2] See also
References1. ^Drag-Along Rights 2. ^www.altassets.com {{webarchive |url=https://web.archive.org/web/20080418202727/http://www.altassets.com/knowledgebank/learningcurve/2003/nz3989.php |date=April 18, 2008 }} External links
1 : Corporate law |
| 随便看 |
|
开放百科全书收录14589846条英语、德语、日语等多语种百科知识，基本涵盖了大多数领域的百科知识，是一部内容自由、开放的电子版国际百科全书。