11:25 Jul 8, 2020 |
French to English translations [PRO] Bus/Financial - Investment / Securities | |||||||
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| Selected response from: philgoddard United States | ||||||
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joint and proportional tag-along rights Explanation: Yes, I believe you're correct. A literal translation does work, but this is better. Tag-along right (TAR) is a legal concept in corporate law. Under the concept, if the majority shareholder(s) of an entity sells their stake, the remaining minority shareholders have the right to join the deal and to sell their shares at the same terms and conditions as the majority shareholder(s), and the new owner must purchase those interests as well. http://en.m.wikipedia.org/wiki/Tag-along_right |
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right to transfer jointly owned and proportional shares Explanation: Proportional Share means with respect to each Seller, a percentage that is equal to (x) the number of Ordinary Shares to be sold by such Seller as set out on Exhibit B divided by (y) the aggregate number of Ordinary Shares to be sold by all Sellers. Source: Lawinsinder The jointly owned shares are the common shares What Is Common Stock? Common stock is a security that represents ownership in a corporation. Holders of common stock elect the board of directors and vote on corporate policies. This form of equity ownership typically yields higher rates of return long term. However, in the event of liquidation, common shareholders have rights to a company's assets only after bondholders, preferred shareholders, and other debtholders are paid in full. Common stock is reported in the stockholder's equity section of a company's balance sheet. Source: Investopedia |
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Instance of proportionally shared cession rights Explanation: Instance of proportionally shared cession rights. |
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