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Create a demand a portion of the amount wilcox

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Q: Wilcox was chief executive officer, chairman of the board of directors, and owner of 60 percent of the shares of Sterling Corporation. When the market price of Sterling's shares was $22 per share, Wilcox sold all of his shares in Sterling to Conrad for $29 per share. The minority shareholders of Sterling brought suit against Wilcox to demand a portion of the amount Wilcox received in excess of the market price. What result?

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