How does a public company go private? Don’t they have to convince all shareholders to sell back their shares?

Question

How does a public company go private? Don’t they have to convince all shareholders to sell back their shares?

In: 19

Answer 1

Same way that a company get acquired by another company… they get 50%+1 shareholders to agree to the offer, at which point all shareholder must exchange their shares for the agreed upon payment.