: If the acquirer reaches a certain threshold (e.g., 90% for a "short-form merger"), they can "squeeze out" the remaining minority shareholders to finalize the deal. 2. The Regulatory Process (Takeover Code)
Once approved, the companies merge, and the target's shares are delisted from the stock exchange. :
: Shareholders are given a specified period (typically 10 working days ) to tender their shares at the offer price. 3. Key Acquisition Requirements GUIDE TO ACQUIRING A US PUBLIC COMPANY how to buy a public company
Requires approval from the target's board of directors and a majority (often in India) of shareholders.
: The acquirer files a draft Letter of Offer with SEBI for review and comments. : If the acquirer reaches a certain threshold (e
Buying a public company (often called a "take-private" transaction) is a highly regulated multi-step process that typically involves acquiring a majority of the target's outstanding shares to gain control. In India, this is primarily governed by the (the "Takeover Code") and the Companies Act, 2013 . 1. Acquisition Structures
: The acquirer makes a public "tender offer" to buy shares directly from existing shareholders at a specified price. : : Shareholders are given a specified period
The acquirer and target negotiate a definitive merger agreement.