Examlex
Use matrices to solve the system of linear equations below.
Freeze-Out Acquisition
A strategy used in mergers and acquisitions where a majority shareholder forces out minority holders to take full control of the company.
Share Split
Traditionally, a corporation’s dividing existing shares into two or more shares, thereby increasing the number of authorized, issued, and outstanding shares and reducing their par value. In modern corporation law, treated like a share dividend. Also called stock split.
Total Fairness Test
A legal standard used to evaluate the overall fairness and equity of a corporate action or decision, especially in mergers and acquisitions.
Straight Voting
A form of voting for directors that ordinarily permits a shareholder to cast a number of votes equal to the number of shares he or she owns for as many nominees as there are directors to be elected. See also cumulative voting.
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