Economic Determinants of Legal Outcomes in Norwegian Public Compulsory Buyouts
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- Master of Science 
In this thesis, we ask what the economic determinants are for whether minority shareholders choose to reject the offer in a public compulsory buyout, and for the outcome in court. We have collected and constructed a dataset, from the year 2000 to 2020, of all public compulsory buyouts on the Oslo Stock Exchange, and from all three tiers of court. There has been a decreasing time trend in this period. We find that the size of the company, the duration of a controlling owner, and the liquidity of the stock are the most important determinants of minority owners rejecting a buyout offer. The courts tend to favor the minority and disregard the last transaction price of the stock.
Masteroppgave(MSc) in Master of Science in Finance - Handelshøyskolen BI, 2021