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The court in the Cohen v. Mirage Resorts, Inc. case stated: a. minority shareholders may challenge the merger process if it is procedurally deficient or
The court in the Cohen v. Mirage Resorts, Inc. case stated: a. minority shareholders may challenge the merger process if it is procedurally deficient or if fraud affected the shareholder vote on the merger. O b. minority shareholders have no right to sue to enjoin or rescind an invalid merger, but must be satisfied with money damages. c. a claim brought by a dissenting shareholder that questions the validity of a merger as a result of wrongful conduct on the part of majority shareholders or directors is properly a derivative suit. O d. a shareholder who opposes a merger must either accept the terms of the merger and exchange their shares for new shares or dissent from the merger and forfeit their stock
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