American Homes Has Just Waged a Successful Takeover of Pioneer

question 147

Essay

American Homes has just waged a successful takeover of Pioneer Homes.There are several minority shareholders of Pioneer who strongly objected to the merger due to the potential of Pioneer and that their earnings would be far greater once Pioneer was out of its cash crunch.What rights do these minority shareholders have?

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Definitions:

Foot-In-The-Door

A psychological technique where agreement to a small request increases the likelihood of agreement to a larger request later.

Compliance

the act of conforming to or following rules, standards, or demands placed upon an individual by authority, society, or internal standards.

Direct Order

An explicit command given by one person to another, requiring immediate compliance.

GEN-X

Generation X, referring to the cohort of people born approximately between the mid-1960s and early 1980s.