Power Wind is a corporation that specializes in designing and manufacturing windmills. Power Wind has a manufacturing plant in Colorado and offices throughout the southwestern United States. NRGreen, a provider of a variety of renewable energy design and installation services, has offered to buy Power Wind at a favorable price. However, because NRGreen's business model does not involve any manufacturing, it will close the Colorado plant immediately after acquiring Power Wind. May Power Wind's directors decline NRGreen's offer in order to keep the plant open?
a. No. Their fiduciary duty requires them to put the shareholders' interests first, and the shareholders will benefit from the sale to NRGreen.
b. No, if they are in a state that has codified Unocal.
c. Yes, if the plant is the primary source of Power Wind's profits
d. Yes, if they are in a state that has codified Unocal.