What is Squeeze-out and sell-out rights?

Q: What is Squeeze-out and sell-out rights?

In a listed company, the right of a shareholder reaching a very high statutory share of voting rights to buy the remaining shares (squeeze-out), and the minority's right to sell their shares to that shareholder (sell-out). The rights are exercised within set periods and under the price rules of the communiqué. Exercising the squeeze-out right usually results in the shares being delisted.

The rights are exercised within set periods and under the price rules of the communiqué. Exercising the squeeze-out right usually results in the shares being delisted.

Source: 6362 sayılı SPKn md. 27, SPK II-27.2 Tebliği

Related terms

Tender offerA public offer to shareholders to buy the shares of a listed company; it becomes mandatory when management control changes hands.ListingAdmitting a capital market instrument to the exchange's list so that it can trade on the relevant Borsa İstanbul market.Capital Markets Board (CMB)The independent administrative authority responsible for regulating and supervising capital markets in Turkey.Asset-backed securityDebt instruments created by transferring cash-generating assets such as loans, leases or trade receivables to a fund or special purpose vehicle and repaid from those assets' cash flows.Authorised capital systemA system under which the board may increase capital up to a ceiling set in the articles of association without a general assembly resolution.Bonus issueIssuing shares to shareholders by adding a company's internal resources (reserves, retained earnings, capital adjustment differences) to its capital.

Last updated: November 8, 2026 · This definition is for general information only.