Courts have tended to be protective of managers who fight against hostile takeovers, even if the bidder

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Courts have tended to be protective of managers who fight against hostile takeovers, even if the bidder is offering a price much higher than the market value of the shares. Why? Do the courts have the balance right when resolving disputes between these two groups?

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Business Law and the Legal Environment

ISBN: 978-1133587491

5th edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson

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