easy · Private Credit market-sourcing-sponsor-dynamics

In a private equity exit, what does 'Tag-along' right provide to a minority shareholder?

1. The right to compel the sitting CEO to resign before the sale closes
2. The right to block or permanently veto any proposed sale of the company indefinitely
3. The right to purchase additional shares at a discounted price during the exit transaction
4. The right to join a sale of shares by a majority shareholder on the same terms

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