One party controls 75% of the shares and voting rights of a small private company.
The other party controls 25%.
The larger party wants to buy out the smaller party to own 100%.
The shares were recently valued at £10 per share (that is the price the larger party paid for their shareholding).
The offer for the remaining shares is £6 per share, positioned as a ‘fair value’ discount for a 25% holding.
Is this reasonable? If so, what is it based on?