Broncobuster BarBQ Company and Cowpuncher Cuisine, Inc. decide to combine. Deanna, a Cowpuncher shareholder, is dissatisfied with the price that she will receive for her stock. In the absence of fraud or other illegal conduct, Deanna's exclusive remedy is to

Question

Broncobuster BarBQ Company and Cowpuncher Cuisine, Inc. decide to combine. Deanna, a Cowpuncher shareholder, is dissatisfied with the price that she will receive for her stock. In the absence of fraud or other illegal conduct, Deanna's exclusive remedy is to​

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Deanna's exclusive remedy in this situation is to exercise an appraisal right. Appraisal rights allows shareholders to have their shares appraised and receive fair value for them if they dissent from certain corporate actions, such as a merger or consolidation. This is the most common remedy for dissatisfied shareholders in situations like this. Filing a suit to delay the process or refusing to agree to the deal are not viable options because the majority of shareholders may already have approved the merger. Acquiring stock from other shareholders may not be a feasible option for Deanna depending on the availability and price of the shares.