Mammoth Global Corporation (MGC) acquired 140,000 shares of its own stock exactly one week prior to announcing
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Question:
Mammoth Global Corporation (MGC) acquired 140,000 shares of its own stock exactly one week prior to announcing the acquisition of The Bigger Group, Inc, its largest competitor. The acquisition is expected to increase its market share, as well as its short-term and long-term profitability.
Have the officers and directors of MGC behaved ethically? Explain the reasoning for your answer.
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