Question: The Cranston Company would like to acquire the Lamont Company
The Cranston Company would like to acquire the Lamont Company, but overtures made to management have been emphatically rebuffed. Five investors who were involved in the company's founding and continue to be active in its management own 45% of Lamont's stock. Charlie Hardnose, Cranston's Director of corporate development, has suggested a hostile takeover, which would bypass Lamont's management. Could this work and does it seem to be a very good idea in this situation?
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