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Discuss the advantages and disadvantages of an LLC over other forms of business organization. In January, the Board of Directors of Huge plc decided to make a takeover bid for Large plc. After the decision was taken, but before it is announced the following chain of events occur: i) Style, a director of Huge plc, bays shares in Large; ii) Style tells his friend Mate about the likelihood of the takeover and Mate buys shares in Large; (iii) Mate in turn passes on the information to his friend Pal who also buys shares in Large iv) Pal tells his friend Chum about the information and he too busy shares in Large; v) At a dinner party stye, without actually telling him about the takeover proposal, advises his brother Tim to buy shares in Large and Tim does so Are the parties guilty of any offence? Discuss the advantages and disadvantages of an LLC over other forms of business organization. In January, the Board of Directors of Huge plc decided to make a takeover bid for Large plc. After the decision was taken, but before it is announced the following chain of events occur: i) Stye, a director of Huge plc, bays shares in Large; ii) Stye tells his friend Mate about the likelihood of the takeover and Mate buys shares in Large; (iii) Mate in turn passes on the information to his friend Pal who also buys shares in Large iv) Pal tells his friend Chum about the information and he too buys shares in Large; v) At a dinner party stye, without actually telling him about the takeover proposal, advises his brother Tim to buy shares in Large and Tim does so Are the parties guilty of any offence