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Business, 06.12.2021 22:50 amayarayne5

Farmers stated it would not retain any of the directors with direct conflicts of interest, but the board found that Farmers' offer was significantly lower than what was in the shareholders' interest. The directors failed to timely respond to Cortland's request because they were not able to conduct the necessary research within the short time allowed. The board did not pursue First Financial's offer because the directors requested information as part of its due diligence and First Financial failed to follow through. Given these facts, the directors:

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Farmers stated it would not retain any of the directors with direct conflicts of interest, but the b...
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