You are the CEO of Nelson Corporation, and the current stock price is $27.80. Pollack Enterprises announced today that it intends to buy Nelson Corporation. To obtain all the stock of Nelson Corporation, Pollack Enterprises is willing to pay $38.60 per share. At a meeting with your management, you realize that the management is not happy with the offer, and is against the takeover. Therefore, with the full support of your management team, you are fighting to prevent the takeover from Pollack Enterprises. Is the management of Nelson Corporation acting in the best interest of the Nelson Corporation stockholders? Explain your reasoning

	Tax Calculation
Range of taxable income	Base Tax	Marginal rate x amount over base bracket
0-50,000	0	15% x amount over 0
50,000-75,000	7500	25% x amount over 50,000
75,000-100,000	13750	34% x amount over 75,000
100,000-335,000	22250	39% x amount over 100,000
335,000-10,000,000	113900	34% x amount over 335,000
10,000,000-15,000,000	3400000	35% x amount over 10,000,000
15,000,000-18,333,333	5150000	38% x amount over 15,000,000
over 18,333,333	6416667	35% x amount over 18,333,333