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Britain and America have widely diffused share ownership with strict rules to protect minority shareholders.
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The new rules will cap a minority bonus at 10 percent, meaning the company's bid would be lowered by 10 percent to determine which bidder gets the contract.
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However, if this sort of manoeuvre is finally ruled to be legal, the rules designed to protect minority shareholders will be made worthless since it will always be easy for majority owners to frustrate them by handing out lots of small blocks of shares to their friends.
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