Marvin owns several thousand shares of Goodguy Corporation.Bigandbad Corporation has proposed a merger with Goodguy where Bigandbad will be the surviving corporation.Bigandbad is proposing to give each current Goodguy shareholder some Bigandbad stock and some cash for each share of Goodguy.Marvin is opposed to some of the corporate policies of Bigandbad,and does not want to own any of its stock.What is Marvin's best course of action in this situation?
A) Marvin can hope to obtain the support of other shareholders in opposing the merger, but he must go along with the merger if it is approved.
B) Marvin can hope to convince the board of directors of Goodguy to oppose the merger, but if he is unsuccessful, he must go along with the merger.
C) Marvin can invoke his appraisal right, and would be entitled to receive cash for his shares, even though the merger plan includes the receipt of Bigandbad shares.
D) Marvin can invoke his appraisal right, but because part of the price paid for the Goodguy shares is in the form of stock rather than cash, his appraisal right is limited.
E) Marvin can invoke his appraisal right, but he can only increase the number of shares he receives, and cannot receive any cash.
