If $55 per share was good enough for Van Gorkom, who held 75,000 shares, why was it

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If $55 per share was good enough for Van Gorkom, who held 75,000 shares, why was it not good enough for the rest of the shareholders? Did Van Gorkom's interests or goals differ from those of a typical shareholder?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Apr 07, 2024 05:45 AM

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If $55 per share was good enough for Van Gorkom, who held 75,000 shares, why was it

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Expert Answer:

The situation youre referring to is the case of Smith v Van Gorkom a landmark Delaware Supreme Court ... View the full answer

Foundations of Financial Management

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