Assume, I am the CEO of a company which has the following shareholders:
- a shark: 100K shares
- my shares: 50K
- my CFO: 50K
- friends of mine: 50K
The shark offers a price of $400K to buy the company, but he has a veto if I sell to another buyer for a price less than $2/share. Is it a commonly accepted principle or is it by law that I have to buy out all shareholders with a price of $2/share?
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