ABC Inc. and XYZ Corp. (each of which has 100 share holoders who each own 1,000 shares) are combining to create ABC Inc. XYZ owes $50,000 to CitiGroup. Assume that a shareholder is opposed to the transaction. Does that shareholder have any recourse? Discuss.

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In the scenario described where ABC Inc and XYZ Corp are combining to create a single entity and XYZ Corp owes 50000 to CitiGroup a shareholder who is ... View the full answer