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United Kingdom s994buy out offer

Harborne Road Nominees Ltd v Karvaski

[2011] EWHC 2214 (Ch)
JurisdictionUnited Kingdom
CourtHigh Court (Chancery Division), Birmingham District Registry
Year2011
StatusBinding authority

Key Principle

A reasonable offer to purchase a minority shareholder's shares (on O'Neill v Phillips principles) does not automatically justify striking out an unfair prejudice petition; whether the offer is fair, and the appropriate valuation date, are fact-sensitive matters generally for trial.

Area of Law

General

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