don’t directors owe shareholders fiduciary duties?
by recommending this acceptance which is clearly detrimental to shareholders interests (a mere 4% increase on previous offer which they recommended “reject”), therefore a breach of their fiduciary duties to us?
any company law lawyers here?
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- Ann: Norwest Directors Unanimously Recommend MinRes' Revised Offe
Ann: Norwest Directors Unanimously Recommend MinRes' Revised Offe, page-208
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