I really dont know where to put this but i would like some help.......

[Im a BusyBee]

to cut a long story short ....a few of us jointly own our company and a few of the others want out (they add up to a major proportion of shareholding) and are hell bent on selling the company to get big money in return. I feel this is my world being taken from me i have been here for many many years and although i will obviously get the same per share for my shares im really not interested in that i just want to keep my job and carry on. I feel very bitter towards the ones that tempted others with this idea. The buyer was met a couple of weeks ago i and i was up all night the night before, very upset, and there was no way i could go and meet these people for fear of getting upset when with them. I have a bad cold at the moment and am at home today but our next meeting is planned for tomorrow and i am so so worried about it, i know i cant just not go again but it is really making me ill with worry. I dont know how to cope with it or how to handle what is going on.

[Davethedog]

Are they selling thier shares or the entire company?

Can you not buy them out? What is your percentage?

Under company law any buy out, it has to be voted on by the shareholders, in your comany articles what is that percentage and do you have enough to stop it.

[Im a BusyBee]

thanks for your quick response. without me telling a lengthy story it is difficult for anyone to understand. i know exactly what your saying but the price being offered is stupid money which is preventing the remaining shareholders to come up anywhere near. but we kinda had a gentlemans agreement, which we had spoke about often, as to the value we would sell to each other for. but as usual a greedy guy came up with the idea of testing the market to see what could be achieved and here we are. i have said im not signing or agreeing to anything but then means i need to come up with an alternative similar offer or idea for those that want out. The majority of the shareholders are now seeing big £ signs im afraid. I just cant get to grips with it and be strong (which i usually can) :-(

[sandyRoe]

What's to stop you taking their money and starting again?

[mazie]

Hi BusyBee I dont know enough about this subject to be able to help or advise. Might be a good Idea to post it in the Business & Finance section. Good Luck with your dilemma

[dotty.]

does the company pay a corporate type lawyer who can advise you?

[redcrx]

is there any chance that the new buyers would want to keep you on? or just buy the other's shares

[society]

Take your share and start your own business.