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Andy is a stockholder in The Books, Inc. The directors of the company decide to sell the company to The Yellow Books, Inc. The sales
Andy is a stockholder in "The Books, Inc". The directors of the company decide to sell the company to "The Yellow Books, Inc". The sales price is $15 per share. Andy is upset because he knows the market value is $16 per share and suspects that the directors agreed to the sale because they were offered a golden parachute by Yellow Books. The rest of the shareholders must be as apathetic as Andy is vigilant and they vote in favor of the sale. Does Andy have any remedy in this case?
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