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MissouriFidelityUnionTrustLifeInsuranceCompanystockwastradingat$2.63pershare.Eightdirectorssold their shares for $7.00 per share, conditioned on the resignation of eleven of the fifteen directors of the corpo-ration and the provision that five

MissouriFidelityUnionTrustLifeInsuranceCompanystockwastradingat$2.63pershare.Eightdirectorssold their shares for $7.00 per share, conditioned on the resignation of eleven of the fifteen directors of the corpo-ration and the provision that five nominees of the buyer beelectedasamajorityoftheexecutiveandinvestmentcommittees.Didthedirectorsviolatetheirfiduciaryduty?Wouldtheanswerbedifferentifthedirectorshad controlled a majority of the voting stock?

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