SnatchUup Corporation has made a hostile tender offer for the shares of Protective Corporation.The management of Protective has made numerous statements to the shareholders about horrible consequences if SnatchUup is successful in its bid.Finally,the management of Protective has entered into an agreement to reacquire all Protective shares from SnatchUup that SnatchUup already owns.Protective will pay one hundred and fifteen percent of market value for these shares.In connection with this proposal,SnatchUup has agreed to drop its hostile takeover attempt.John,a shareholder,has sued the managers of Protective over its actions.What terms are used for the agreements reached,and are they legal?

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The Answer of SnatchUup Corporation has made a hostile tender offer for the shares of Protective Corporation.The management of Protective has made numerous statements to the shareholders about horrible consequences if SnatchUup is successful in its bid.Finally,the management of Protective has entered into an agreement to reacquire all Protective shares from SnatchUup that SnatchUup already owns.Protective will pay one hundred and fifteen percent of market value for these shares.In connection with this proposal,SnatchUup has agreed to drop its hostile takeover attempt.John,a shareholder,has sued the managers of Protective over its actions.What terms are used for the agreements reached,and are they legal?

SnatchUup Corporation Has Made a Hostile Tender Offer for the Shares