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<blockquote data-quote="Ricky" data-source="post: 30070" data-attributes="member: 591"><p>You don't have a board of shareholders - you have a board of directors. All shareholders are entitled to vote (providing the class of shares they own allows them to).</p><p></p><p>Board minutes are from board meetings involving directors. At a general meeting with shareholders, you have general meeting minutes.</p><p></p><p>If a company is planning to buy another company then yes the board of directors can agree to purchase it. However, the company being sold, the target, its shareholders will need to agree to sell their shares and as I mentioned if the target's board recommends the offer then it is recommended if not its a hostile takeover where the shareholders go ahead and sell anyway.</p></blockquote><p></p>
[QUOTE="Ricky, post: 30070, member: 591"] You don't have a board of shareholders - you have a board of directors. All shareholders are entitled to vote (providing the class of shares they own allows them to). Board minutes are from board meetings involving directors. At a general meeting with shareholders, you have general meeting minutes. If a company is planning to buy another company then yes the board of directors can agree to purchase it. However, the company being sold, the target, its shareholders will need to agree to sell their shares and as I mentioned if the target's board recommends the offer then it is recommended if not its a hostile takeover where the shareholders go ahead and sell anyway. [/QUOTE]
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