Swim Supplies Corporation has made a large per share hostile bid for Bathing Suits to Go Corporation.The directors of Bathing Suits to Go have already been in negotiations with Swim Away Corporation.The directors of Bathing Suits to Go adopted a strategy where they guaranteed Swim Away Corporation that they will not investigate Swim Supplies' offer or meet with Swim Supplies.The directors of Bathing Suits to Go believe that they have free speech rights,and also the right not to talk.Under what standard will their actions be analyzed,and would a court likely find that they are right?

Question

Quizplus · Accepted Answer

The Answer of Swim Supplies Corporation has made a large per share hostile bid for Bathing Suits to Go Corporation.The directors of Bathing Suits to Go have already been in negotiations with Swim Away Corporation.The directors of Bathing Suits to Go adopted a strategy where they guaranteed Swim Away Corporation that they will not investigate Swim Supplies' offer or meet with Swim Supplies.The directors of Bathing Suits to Go believe that they have free speech rights,and also the right not to talk.Under what standard will their actions be analyzed,and would a court likely find that they are right?

Swim Supplies Corporation Has Made a Large Per Share Hostile