The Division for Development and Public Relations  

 
Research Project Name:
The freeze-out option:
 
Partners:
Surname   First Name   Courses  
GOSHEN ZOHAR [Courses List]
Research Abstract:
In corporate law there is a right to a majority shareholder to buy 
out the minority - freeze out - for a price determined by the 
majority shareholder. The law provide the minority with the right to 
petition the court if the price offered is not fair - the appraisal 
right. Does the freeze out right distort efficiency and enable the 
majority to expropriate the minority? In a joint research with Dr. 
Zvi Wiener from the School of Business Administration we come to the 
conclusion that it does not. 
 
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