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?
There is little the minority shareholders can do except to voice their objection, vote against the takeover or merger, and insist upon their payment rights for their shares. In the case of a voted-upon takeover, the majority wins regardless of the long-term wisdom of that vote.
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