Dissentient: purchase of interest

Updated: Aug 20, 2021

Where a company is being reorganized or sold to another company by a liquidator and shareholders are to receive shares in the second company, a member who has not voted for the special resolution may demand that the liquidator purchases his interest at a price to be determined either by agreement or by arbitration. The dissentient must decide within seven days of the resolution.

Reference: The Penguin Business Dictionary, 3rd edt.

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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.