• Source: Supermajority amendment

Super-majority amendment is a defensive tactic requiring that a substantial majority, usually 67% and sometimes as much as 90%, of the voting interest of outstanding capital stock to approve a merger. This amendment makes a hostile takeover much more difficult to perform. In most existing cases, however, the supermajority provisions have a board-out clause that provides the board with the power to determine when and if the supermajority provisions will be in effect. Pure supermajority provisions would seriously limit management's flexibility in takeover negotiations.




See also


Mergers and acquisitions
Supermajority
Takeover




External links


Supermajority Issue Fuels Conflict Among Lake Worth Voters
SECinfo.com

Kata Kunci Pencarian:

• Pendakwaan kedua terhadap Donald Trump
• Perkawinan sejenis
• Supermajority amendment
• Supermajority
• Constitutional amendment
• 2024 Colorado Amendment 79
• 2024 Florida Amendment 3
• 2024 Florida Amendment 4
• Coloureds
• Glossary of mergers, acquisitions, and takeovers
• Balanced budget amendment
• Twenty-fourth Amendment to the United States Constitution