If a merger has no clear business purpose other than to eliminate the minority shareholders, it may be found invalid.

Name: If a merger has no clear business purpose other than to eliminate the minority shareholders, it may be found invalid.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Courts may scrutinize mergers without a clear business purpose, especially if they appear designed solely to eliminate minority shareholders, as potentially oppressive or unfair, potentially rendering them invalid.

If a Merger Has No Clear Business Purpose Other Than