found this to be helpful Going private transact
Post# of 11035
Quote:
Going private transactions require shareholders to make difficult decisions. To protect shareholders, some states have adopted corporate takeover statutes that provide shareholders with dissenter's rights. These statutes provide shareholders the opportunity to sell their shares on the terms offered, to challenge the transaction in court, or to hold on to the shares. Once the transaction is concluded, remaining shareholders may find it very difficult to sell their retained shares because of a limited trading market.
https://www.sec.gov/answers/gopriv.htm
NEVADA RIGHTS OF DISSENTING OWNERS
(92A-300 TO 92A-500)
http://www.leg.state.nv.us/NRS/NRS-092a.html
http://www.leg.state.nv.us/Statutes/75th2009/...17page1720
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Quote:
If the broker-dealer fails to deliver for 13 days, the regulation imposes a “close out” duty to purchase and deliver securities “of like kind and quantity.”
https://www.bloomberg.com/opinion/articles/20...ify%20wall
https://www.scotusblog.com/case-files/cases/m...v-manning/