Question: Myron Lasky was a shareholder in Kramett Inc a manufacturer
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?
Answer to relevant QuestionsVeriFone Holdings, Inc., a Delaware corporation with its principal place of business in San Jose, California, designs, markets, and services electronic payment transaction systems. In 2006, VeriFone acquired Lipman ...Cookietree, Inc., is a privately held Utah corporation that produces and retails baked goods. The company was formed in 1981, with Greg Schenck and his father, Boyd Schenck, among the original shareholders. From the ...Podcast Services Company is incorporated in Illinois. It has 200 employees that work in an office building leased by Podcast in Alton, Illinois. Most of Podcast's employees reside in Illinois, but a few reside in Missouri ...In March 2004, Internet broadcasting pioneer and Dallas Mavericks owner Mark Cuban acquired 600,000 shares, a 6.3 percent stake, of Mamma.com. Later that spring, Mamma.com decided to sell more of its shares through a PIPE ...Kimon Daifotis was the lead portfolio manager of the YieldPlus Fund. In August 2007, when YieldPlus was suffering massive, unprecedented redemptions, Daifotis held two conference calls in which he allegedly falsely stated ...
Post your question