Clanston Corp., a steel manufacturing giant, announces its plans to merge with another steel manufacturing company, Tralesta Corp. Peter is a major stockholder in Clanston Corp., and his experience suggests that the merger is not going to be a profitable one. Which of the following basic shareholder rights must Peter use to express his disapproval of the merger?

Question

Quizplus · Accepted Answer

Peter can use his voting rights to express his disapproval of the merger, as shareholders typically have the right to vote on major corporate decisions, including mergers.