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Agency Issues and Corporate Control ( LO 4 ) Suppose you own shares in a company. The current price per share is $ 2 5

Agency Issues and Corporate Control (LO4) Suppose you own shares in a
company. The current price per share is $25. Another company has just
announced that it wants to buy your company and will pay $35 per share
to acquire all the outstanding shares. Your company's management
immediately begins fighting off this hostile bid. Is the management acting
in the shareholders' best interests? Why or why not?
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