Sell-out letter to minority shareholders
Sell-out letter to minority shareholders

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Sell-out letter to minority shareholders

Sell-out letter to minority shareholders

[Letterhead of offeror]

To: [insert name and address of shareholder]

[insert date]

Dear Shareholder

Offer by [insert name of offeror] (the Offeror) to acquire [all] the issued [and to be issued][ordinary] shares of [insert value]p each (ordinary shares) in [insert name of offeree] PLC (the Company) [(other than those already owned by the Offeror)] (the Offer)

We refer to the offer document dated [insert date] (the Offer Document) in which we offered to acquire all the issued [and to be issued] ordinary share capital of the Company[(other than shares already owned by the Offeror)].

As you may be aware, the Offer was declared unconditional on [insert date][, and closed on [insert date]]. As at 3.00 pm on this [last] date, the Offeror had, by virtue of acceptances of the Offer, acquired or unconditionally contracted to acquire ordinary shares which[, together with the ordinary shares which the Offeror already holds and has

Popular documents