Shareholders have a right to sell their shares. If there is no other buyer, then the company will have to pay them for it. They may not have enough liquid capital to pay off 30%. Other assets might have to be sold off, which may make it difficult to operate.
QuaternionsRock@lemmy.world 10 months ago
Huh?
frezik@midwest.social 10 months ago
I did a little more research, and it tends to be only specific circumstances and shareholder agreements, but there are times when a shareholder can force a company to buyback the shareholder’s stock.
achkarlaw.com/what-to-do-if-company-refuses-to-bu…