A corner is a holding large enough to block a compulsory redemption (squeeze-out). Under the Swedish Companies Act, a majority owner must hold more than nine tenths of the shares to redeem the rest. A minority shareholder holding at least one tenth can therefore prevent a full takeover.
In a takeover, a corner gives its holder a strong negotiating position, since the buyer cannot reach full control without them. This requires a correct ownership picture in the share ledger and in the company's cap table.
Compulsory redemption means an owner with more than 90 percent of the shares can buy out the minority.
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A minority shareholder is a shareholder who does not have a controlling interest in a limited company.
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A majority shareholding means one or more owners together hold more than half of the shares or votes.
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An acquisition means a company or person buys shares or a whole company.
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