Negotiate directly with the board rather than shareholders

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The board be able to force potential acquirors to negotiate directly with the board rather than the shareholders? Does the Pill have a tendency to entrench management? Or is the board typically in the best position to get the maximum deal for all shareholders?   Does a poison pill potentially prevent activist investors like Carl Icahn or Bill Ackmann from obtaining control of the company and reducing jobs?

Reference no: EM131997992

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