Germany: First Practical Experience With The Merger-Related Squeeze-Out
95% used to be the magic threshold for a squeeze-out in Germany. This changed in July 2011 with the introduction of the so-called 'merger-related squeeze-out.' A main shareholder holding at least 90% of the share capital of a German stock corporation can now request the transfer of the shares from the minority shareholders against adequate cash compensation in connection with an upstream merger of the stock corporation into the main shareholder.