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Majority Stake
A majority stake is more than 50 percent of the shares. It gives the buyer control of the company.
Most DACH deals are outright majorities. A qualified majority, above 75 percent, is needed to change the articles; 100 percent is a full takeover. Control usually costs a premium to a minority holding, because it brings the right to run the company and to take the cash. Trade buyers often pay more than funds, since they can take out synergies. This tool prices a majority. Minority holdings typically change hands at a 20 to 35 percent discount.