Hi. In Corporate Governance and Ethics, privatization of public company usually have issues for the minorities shareholder - where they usually do not agree with the offer price given (ie: the share price is lower than the supposed market price). Hence, there will be revise of offer price until most of the shareholders agree to it in order for the public company can go privatize. Usually to what extent that this revision of offer price is due to minority shareholders? does minority shareholders hold a big power that could pressure to lower the offer price?