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Expirical studies generally support that mergers benefit target shareholders. furthermore, hostile takeovers are likely to create more value for target shareholders. If target shareholders are
"Expirical studies generally support that mergers benefit target shareholders. furthermore, hostile takeovers are likely to create more value for target shareholders. If target shareholders are rational decision maker, they should not approval and resolution to implement an anti-takeover defense."
please evaluate the above statement, indicating two reasons to support as well as two reasons to reject the argument. your discussion should be centered on shareholder value.
ps. answer should be within 200 words
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