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GLOSSARY
Squeeze-out right definition
Published by a LexisNexis Corporate expert
What does Squeeze-out right mean?
See Compulsory acquisition. CA 2006, ss 974–991 contains provisions enabling an offeror, following a takeover offer, to acquire offeree shares for which acceptances have not been received or given under the offer on the same terms as the offer. The exercise of squeeze-out rights is dependent on the offeror having acquired or contracted to acquire at least 90% of the shares to which the offer relates and, if relevant, at least 90% of the voting rights carried by such shares.
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