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Were the managers acting in shareholders best interests

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Reference no: EM133146928

Question - A well-known corporate raider made a public offer to buy the stock of a large company for $55 per share. At the time of the offer the market price of the stock was only $39 per share. The company's managers responded by immediately attempting to block the acquisition through the enactment of a poison pill provision in the corporate charter. Were the managers acting in shareholders' best interests? Discuss.

Reference no: EM133146928

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