Raider Corporation (RC)attempted to Take Over Targetnorth Corporation (TC)using a Tender

Raider Corporation (RC) attempted to take over Targetnorth Corporation (TC) using a tender offer.The tender offer price was twice the market price for TC shares.TC management opposed this takeover,as a result of which it failed.Shareholders of TC who had hoped to sell their shares at a large profit want to sue the management of TC for spoiling the takeover.If they sue TC management,will the shareholders succeed?

A) Yes,if they can show that TC management did not carefully study the RC tender offer.
B) Yes,if they can show that they would have been much better off accepting the tender offer.
C) No,the business judgment rule protects management in all cases of resisting a takeover.
D) No,even if the shareholders can show that management resisted the takeover in their own self-interest.