30. The Board of Directors of InSync, Inc. wants to avoid regulations imposed on public companies, such as Sarbanes Oxley, by going private. They are planning to buy out for cash the minority shareholders. In order to ensure that the going private transaction can survive a challenge by a dissenting minority shareholder, many states will require that the Board of InSync, Inc. must demonstrate:

Group of answer choices

That the board of directors has established a fair price for the shares of the minority shareholders based on speculative projections

That the board of directors had no fiduciary duty in connection with this transaction

That the board of directors established a fair price for the shares of the minority shareholders based on all factors relevant to the value of the shares.

That the board of directors has satisfied the requirements of the insider trading rules