A merger is said to be friendly when the managers of the target support it. A merger
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A merger is said to be friendly when the managers of the target support it. A merger is said to be hostile when the target managers do not support it. Some of the most colorful language of fi nance stems from defensive tactics in hostile takeover battles. Poison pills, golden parachutes, crown jewels, and greenmail are terms that describe various antitakeover tactics. LO.1
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