Shareholders rights.

[turboped]

I was an active director of a company and last September I decided to resign. However I still retained a 50% stake in the company until the last day of Feb. Very soon after, within days the company was bought, as far as I'm aware, only for the value of its assets. Obviously this was all arranged before my shares were purchased.

Should I, as a major shareholder been kept up to date about any offers or plans to sell the company before I sold my shares?

[themas]

Commonsense (and ethics) says you should have been. However, to find out the legal obligations of the director(s) in this situation, and what (if anything) you can do about it, you probably need a solicitor who deals with company law issues.