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Sterling Corporation: case study
Wilcox, chief executive officer and chairman of the board of directors, owned 60 percent of the shares of Sterling Corporation. When the market price of Sterling’s shares was $22 per share, Wilcox sold all of his shares in Sterling to Conrad for $29 per share. The minority shareholders of Sterling brought suit against Wilcox demanding a pro rata share of the amount Wilcox received in excess of the market price. What are the arguments to support the minority shareholders’ claim for a pro rata share of the amount Wilcox received in excess of the market price? What are the arguments to reject the minority shareholders’ claim for a pro rata share of the amount Wilcox received in excess of the market price? 5-6 pages

Answers

Prof.peter

(1 times)

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