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Can the Board approve a sale without a price adjustment provision and/or a “collar” provision without violating fiduciary duties?

April 26, 2017adjustment approve collar Fiduciary price sale violating

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Can the Board approve a sale without a price adjustment provision and/or a “collar” provision without violating fiduciary duties?

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Whether to agree to price adjustment structures and what collars to set depends upon the amount of market risk it is reasonable to assume under the circumstances.