All of the board members of Bruint Hockey Corporation despise the board members of the Bluet Hockey Corp. because of the Bluet's recent defeat of the Bruint Hockey team in the national championship series. The Bluet Hockey Corp. approaches Bruint to discuss an acquisition of their company. What advice would be the best to give to the Bruint Hockey Corporation board so that they may honor their fiduciary duties?
A) Seek the advice and counsel of third parties such as attorneys, investment bankers and valuation experts before deciding whether to approve the proposed acquisition.
B) Decline the offer because if the board does not like them then it is never in the best interests of the Bruint Hockey Corporation.
C) Look for alternative acquisition opportunities.
D) Appeal to the court to offer judicial protection by judicial decree to avoid any acquisition.
Correct Answer:
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