Question

Myron Lasky was a shareholder in Kramett, Inc., a manufacturer of novelty candies. When Kramett's business declined, its board of directors chose to save the business by selling it to a larger candy company; Narron Confectioners, Inc. Narron's shares were trading on the market at $9.25 per share, while Kramett's shares traded at $0.50 per share. Kramett's and Narron's boards of directors approved a merger in which each Kramett shareholder would receive one share of Narron for each 20 shares of Kramett. Both the shareholders of Kramett and Narron approved the merger. What right should Lasky exercise if he objects to the merger terms? What must he do to exercise that right?



$1.99
Sales0
Views213
Comments0
  • CreatedJuly 16, 2014
  • Files Included
Post your question
5000