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Learning Goal: I’m working on a law question and need support to help me learn.In
2001, British-Dutch corporation Unilever attempted to purchase the
assets of Ben & Jerry’s Ice Cream. The Board of Directors of Ben
& Jerry’s refused the offer. Unilever’s offer was very generous and
would have resulted in a major windfall for the shareholders of Ben
& Jerry’s.The Shareholders threatened to sue the Board of Directors for a
breach of fiduciary duty arguing the Board of Directors had a duty for
care to make good decisions on behalf of the Corporation. And denying
the purchase offer violated that duty.In fear of the lawsuit, the Board agreed to the sell terms. Do you
believe the Board of Directors had a duty to accept the buyout offer?
And did their failure to accept it amount to a breach of the fiduciary
duties owned to the shareholders? Action Items Create your initial post responding to the discussion question
above. After you post, you will be able to see your classmates’ posts.
Reply to at least one of your classmates.
Grading Criteria Appropriate discussion post and reply to at least one classmate: 5 points
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