Cytodyn Inc (CYDY)

[SilverKnightLV]

They can't. It's a shareholder vote, and if it is a good offer, the board's fiduciary duty requires them to bring it to the shareholders. All the company can do is suggest how the shareholders should vote. And that would be a hostile takeover offer if the company doesn't recommend.
At some price, the majority of shareholders would vote yes.