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Wonderland Ltd, was approached for acquisition by Jumbo Ltd, board of directors of Wonderland limited purchased all shares from the shareholders of their company, but

Wonderland Ltd, was approached for acquisition by Jumbo Ltd, board of directors of Wonderland limited purchased all shares from the shareholders of their company, but Jumbo Ltd (owing 20% in Wonderland Ltd) refused to tender their shares to the directors of Wonderland Ltd. Propose an alternative solution to the same.

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