Question: Marcel owns 12 percent of Steam Forge Company SFC SFC

Marcel owns 12 percent of Steam Forge Company (SFC). SFC trades on the Toronto Stock Exchange and has been the subject of a takeover attempt by Iron Forge Company (IFC).
Assuming that Marcel is the only minority shareholder who will not co-operate with IFC, determine the minimum level of ownership IFC needs in order to do the following.
a. Call a special meeting of the shareholders.
b. Replace the board of directors.
c. Replace the firm’s management.
d. Force Marcel to sell at the takeover price.
e. Win a vote on amalgamation.
f. Make a takeover bid.




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  • CreatedFebruary 25, 2015
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