34 Financial promotions34.1 GeneralAlthough the great majority of takeovers or reorganisations of unlisted companies will be the result of face-to-face negotiation between buyer and seller, in some circumstances the shareholders of the offeree company may be geographically widely spread and the offer for their shares has to be transmitted to them in documentary form, for example where the offeree company is an unlisted public company and the shares are widely held, or the offeree company was founded by one or two families and the shares have, through sales, gifts, settlements and testamentary dispositions, become diffused through many relatives
Although the great majority of takeovers or reorganisations of unlisted companies will be the result of face-to-face negotiation between buyer and seller, in some circumstances the shareholders of the offeree company may be geographically widely spread and the offer for their shares has to be transmitted to them in documentary form, for example where the offeree company is an unlisted public company and the shares are widely held, or the offeree company was founded by one or two families and the shares have, through sales, gifts, settlements and testamentary dispositions, become diffused through many relatives
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234