Publicly traded high-end grocery store chain incorporated

Reference no: EM133683057

Question

Hometown market, Inc, a publicly traded high-end grocery store chain incorporated in Delaware, recently announced that its board of directors had approved its sale to Sprawl-mart Inc, for $3 billion in cash. Das, a long time hometown employee and owner of low shares of its common stock, is furious because she believes that sprawl-mart ownership ruin the work environment and culture of hometown. As a result, Dasconsults you about a possible cause of action under state corporate law against the board for its "idiotic" decision and her likelihood of success. What do you tell her.

Reference no: EM133683057

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