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право принуждения к совместной продаже (Drag-Along Right is a legal concept in corporate law. The right assures that if the majority shareholder sells his stake, minority holders are forced to join the deal. This right protects majority shareholders. A Drag Along right gives the investing shareholder the right to force the other investor(s) to exit should the investing shareholder exit, once again, usually on the same price and terms. Drag-along rights are fairly standard terms in a stock purchase agreement. Drag-along rights typically terminate upon an initial public offering. WK Alexander Demidov); право принуждения к продаже (A right that allows majority shareholders to force minority shareholders to accept an agreement. In a typical drag-along agreement, if a majority of shareholders agree to sell or liquidate a company then the remaining shareholders must consent and not raise objections. "Dragging" refers to the majority shareholder forcing the minority shareholder into an agreement that the minority shareholder may not want to enter into. Such a right is designed to block smaller investors from "holding out" on a deal in the hopes of raising share prices. Read more:  investorwords.com Alexander Demidov) |
