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Imagine the facts of the case change again. This time But and Ernie are actually members of two corporations ABC and XYZ. As investors of

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Imagine the facts of the case change again. This time But and Ernie are actually members of two corporations ABC and XYZ. As investors of ABC, Burt and Ernie are unimpressed with the decision taken by management to outsource work and they seek to prevent directors from doing that. In XYZ they represent only 1% of the company's voting shares and seek to prevent their expropriation from the company. Discuss their prospects of success in both cases. Would your answer for either scenario alter if a takeover was aruiounced? (10 marks)

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