Question: In the present case it is given that a person by the name of H who was one of the directors of company TS was

In the present case it is given that a person by the name of H who was one of the directors of company TS was approached by person M for buying of company TS. Person H at the start refused to sell the company but agreed to sell the 53% of shares that were held by him and his wife jointly in the company.Person H sold his shares at a price of $1,548 per share to person M. Person H as a director of the company asked minority shareholders to sell the shares at lesser price and told them that person M would not be releasing the dividends for the next ten to twenty years. This caused some of the minority shareholders to sell the shares at a price of $300, $611 and $650.

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