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Buy-backs, capital reductions and other minority eliminations

Whilst takeovers and schemes are the most common methods of acquiring control of widely held entities, other methods include buy-backs, capital reductions, shareholder approved placements and compulsory acquisitions.

Each of these methods of altering control of widely held companies can do so in a way that does not result in the bidder holding 100% of the securities on issue.

Where a bidder has less than 100% after a control transaction and wishes to move to 100%, they may do so through another control transaction or, if they are a 90% holder, through compulsory acquisition.

See Buy-backs, capital reductions and other minority eliminations.