Change of Control defined: A change of control occurs when the ownership or Board of Directors of the company changes so materially that a different group of people or investors now control the company (often a change of more than 50% of a company's ownership is considered a change of control). Usually a change of control of a company occurs as part of an M&A transaction (see PrivCo.com definition of M&A.)
Above is a definition for "Change of Control" from PrivCo's Private Company Knowledge Bank, the definitive online and e-book guide to private companies and private company deals.
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