body: Let's say company A has 100 equal shareholders (company worth $100 million).
  
  
  B is a competitor.
  
  
  B wants to buy A for $60 million
  
  
  A (obviously) refuses.
  
  
  B buys 51 shares of A for $51 million.
  
  
  B appoints it's CEO as CEO.
  
  
  A's other 49 shareholders protest.
  
  
  B's shareholders insist on a vote.
  
  
  B wins 51 to 49.
  
  
  A's new CEO signs away all the company property to B (for a great low price of $9 million).
  
  
  A's 49 shareholders protest
  
  
  B insist on a vote and wins.
  
  
  A is worthless.
  
  
  
  
  ---
  
  
  Even if such a blatant plot seems unethical, one can implement this in a more stealth manner (proxy companies, B's CEO making "strategic" sales).
  
  
  Are there any legal protections for A's shareholders?
  
  
  
title: Does owning more than 50% of a company give you full rights to it?