(solution) Gore had been the owner of 1 percent of the outstanding shares of the Webster Company, a…

(solution) Gore had been the owner of 1 percent of the outstanding shares of the Webster Company, a…

Gore had been the owner of 1 percent of the outstanding shares of the Webster Company, a corporation, since its organization ten years ago. Ratliff, the president of the company, was the owner of 70 percent of the outstanding shares. Ratliff used the shareholders’ list to submit to the shareholders an offer of $50 per share for their stock. Gore, upon receiving the offer, called Ratliff and told him that the offer was inadequate and advised that she was willing to offer $60 per share, and for that purpose demanded a shareholders’ list. Ratliff knew that Gore was willing and able to supply the funds necessary to purchase the stock, but he nevertheless refused to supply the list to Gore. Further, he did not offer to transmit Gore’s offer to the shareholders of record. Gore then brought an action to compel the corporation to make the shareholders’ list available to her. Will Gore be able to obtain a copy of the shareholders’ list? Why?