Question

Scenario:

Alpha Corporation, a well-established company engaged in the manufacturing industry, decides to expand its business by acquiring a smaller company, Beta Enterprises. The shareholders of Beta Enterprises, however, are concerned about the effect of this acquisition on their rights as shareholders and the future of the company.

Given the scenario, answer the following question:

1. What are the rights of the shareholders of a corporation being acquired by another corporation? Discuss the legal provisions that protect their interests and ensure their participation in the decision-making process.