According to the Delaware Supreme Court,when does the role of a director shift from being a "protector of the corporate bastion" to being an "auctioneer" charged with obtaining the highest realizable short-term value for the shareholders?

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According to the Delaware Supreme Court, the role of a director shifts from being a "protector of the corporate bastion" to being an "auctioneer" charged with obtaining the highest realizable short-term value for the shareholders only when the breakup of the corporation or a change of control has become inevitable. In other circumstances, directors are expected to consider the long-term interests of the corporation and its stakeholders, rather than just maximizing short-term shareholder value.

According to the Delaware Supreme Court,when Does the Role of a Director