compulsory acquisition
index condemnation (seizure), disseisin, requisition

Burton's Legal Thesaurus. . 2006


compulsory acquisition
In the context of a UK takeover offer made on or after 6 April 2007, where a bidder obtains acceptances of at least 90% of the shares it is offering to buy in the target company (which is not the same as 90% of the total issued share capital) and acceptances of at least 90% of the voting rights carried by the shares it is offering to buy, it can require the remaining non-accepting shareholders to sell their shares on the terms of the offer by following the procedures in sections 974 to 991 of the Companies Act 2006.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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