New York University Business Law Cheff v Mathes Case Questions

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BUSINESS LAW 

Read Cheff v. Mathes CASE ( Can be found on google)

1. Five individuals form a corporation to manufacture maternity dresses. They have all had experience in the business and expect to be involved in various roles in its operation. They pooled their own resources and borrowed money to buy the plant and various other assets of a corporation that recently became bankrupt. They intend to sell shares to the public to raise operating funds. You represent one of the founders, who asks you for a list of the pros and cons on a provision in the articles of incorporation that would prohibit the corporation from buying its own shares except in stock market transactions or pursuant to an offer to all shareholders. What is your response? 

2.Why did the Board of Holland Furnaces decide to resist Maremont’s takeover of Holland? 

3. What process did the Holland Board employ to resist Maremont’s takeover? Your answer must include a discussion of the concepts of “Greenmail” and of “Repurchases”/“Buybacks.”