What Happens if a Business Combination Is Approved?

Section two o three due says a corporation shall not engage in any business combination with any interested shareholder for a period of three years. So it would put off the deal until at least april of 20 25. Section two applies only if the interested stockholder owned 85 %, and then some other complicated so that clearly doesn't apply. The third exception is approved by the board of directors and authorized at an annual or special meeting of stockholders. That's the process that we discussed in episode five,. 90 by the afir mative vote of at least 66 and two thirds % of the outstanding voting stock which is not owned by theinterested stockholder.