TeachMeFinance.com - explain Frozen out
Frozen out -- Excluded or shut out. For instance, if the
majority interest in a corporation so adjusts matters as to
control to the exclusion of the minority interest the minority
interest is said to have been frozen out.
Likewise, if a member of a board of directors is objectionable
to the other members and their combined opposition to
him in the affairs of the concern impels him to retire from the
board he is said to have been frozen out.
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