What constitutes a reasonable offer to buy out an excluded shareholder?

A reasonable offer to buy out an excluded shareholder must be based on a fair price for the shares. This reflects the principle that the buyout should be equitable, taking into account the market value of the shares and the financial interests of the shareholder being bought out. A fair price ensures that the excluded shareholder receives compensation that reflects the value of their investment, thereby complying with legal and ethical standards in business transactions.

In contrast, the other options do not meet the criteria for a reasonable offer. A verbal agreement without written confirmation lacks the necessary legal enforceability and clarity that a written document provides. A bid that requests additional shares does not represent a straightforward buyout but complicates the transaction and could be seen as insufficiently addressing the needs of the excluded shareholder. Promising future investments does not provide immediate value to the excluded shareholder and can be considered uncertain and speculative, which would not fulfill the requirement for a reasonable buyout offer.