Regulatory Devices in a takeover

The squeeze out rule allows someone who has already acquired the majority of a company shares to force the remaining shareholders to sell their shares to them. Different countries have different rules – in the UK it applies if someone has already bought 90%.
The sell out rule allows the minority shareholders to force the majority to buy their shares.

One share one vote means what it says. If you own 1 share in a company then you have one vote. If you have 100 shares then you have 100 votes.

Board neutrality is the idea that the directors should be neutral in a takeover bid i.e. they should not influence shareholders either way. (The EU were going to make this a rule, but it is optional so some countries in the EU have adopted it and some have not)

Anti-takeover measures are ways of trying to make it hard for another company to takeover the company.

The breakthrough rule is that once an acquirer owns 75% of the voting rights they are allowed to change the articles of the company and remove any takeover defences.

The exam would not expect you to be able to explain any of the above in detail, but if you want more detail then best is to Google them.

You are welcome 🙂