[scott00]

Buyers are often only interested in buying 100% of a company. If an all or none bid comes in, either the people who want to accept or the people who want to reject are going to be unhappy. When setting up a company you have to plan how to deal with this possibility in advance, without knowing the specifics of any offer. Most large public companies come to the conclusion that letting the majority decide is the fairest thing to do, and most shareholders know that's how it works when they are buying the shares.

[wangii]

Could you explain a little bit why private buyers often only interested in 100% of a company? thanks

[ar0b]

Probably so they no longer have to go through all the reporting and auditing required of a publicly traded company.