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After news of a takeover offer being made for Boon Ltd, its Directors enter into discussions with Hand Ltd to purchase certain business activities of
After news of a takeover offer being made for Boon Ltd, its Directors enter into discussions with Hand Ltd to purchase certain business activities of Hand Ltd. In consideration, Boon Ltd will issue shares to Hand Ltd. The purchase will increase the profits of Boon Ltd and enable large dividends to be paid to its shareholders. Millie, a shareholder in Boon Ltd, learns of the proposed purchase and is strongly opposed to the transaction. Advise Millie of any legal rights she may have to prevent the transaction
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