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A comment on 23andMe to merge with VG Acquisition Corp. to become publicly-traded company. Parent comment

Re:23andMe to merge with VG Acquisition Corp. to become publ... by buescher on Friday February 05, 2021 @10:37AM (#26037447)
So if the principals involved in a startup set up their own SPAC to take the company public, they could screw minority shareholders in the original company like, say, employees?
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Re:23andMe to merge with VG Acquisition Corp. to become publ... by ls612 on Friday February 05, 2021 @12:06PM (#26038499)
The laws generally require that these things be “arms length transactions”, basically meaning that the two parties are legitimately at odds over the price. Your example would not be that.
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