116 BUSINESS LAW II

I.Unocal Corp. v. Mesa Petroleum Co.

1. What is the issue in this case?

2. What is the Court's ruling in this case?

3. According to the Court, what is the board's obligation in this situation?

4. What was the purpose of the Unocal "selective stock repurchase?"

II.In re S. Peru Copper Corp. Shareholder Derivative Litigation

1. What is the duty of loyalty?

2. How was the duty of loyalty violated?

III. What are the ways to acquire control of a company?

IV.Airgas, Inc. v. Air Products and Chemicals, Inc.

1. Was th January Bylaw valid? Why or why not?