20.7. Tobacco companies have a large potential liability. In the future, they may be subject to extremely

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20.7. Tobacco companies have a large potential liability.

In the future, they may be subject to extremely large product liability lawsuits. Discuss how this affects the incentives of tobacco companies to merge with food companies.

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Financial Markets And Corporate Strategy

ISBN: 9780071157612

2nd Edition

Authors: Mark Grinblatt, Sheridan Titman

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