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April 27, 2015

Homework Help: Finance

Posted by Husain on Saturday, October 23, 2010 at 3:14am.

Suppose you own a stock in a company. The current price per share is $25. Another company has just announced that it wants to buy your company and will pay $35 per share to acquire all the outstanding stocks. Your company’s management immediately begins fighting off this hostile bid. Is management acting in the shareholder’s best interest? Why? and Why not?

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