Texas shoot out (sealed bids)—flowchart


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Corporate expert
Flowcharts

Texas shoot out (sealed bids)—flowchart


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Corporate expert

Flowcharts
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The Texas shoot out (sometimes called a Mexican shoot out, Tex Mex shoot out or sealed bids) procedure may be started by either shareholder (or the shareholder which did not cause the deadlock) serving notice on the other shareholder, requiring both shareholders to submit sealed bids for the shares of the other shareholder within a specified timescale. The shareholders will be obliged to complete a share transfer on the terms of the bid with the highest price per share. There

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