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I need detail answer to this question, thanks True/ False - An unusually low stock price in management's eyes encourages management to take the company

I need detail answer to this question, thanks

True/ False - An unusually low stock price in management's eyes encourages management to take the company private in a management buyout

Identify an instance where management took a company private based on a low stock price valuation? Did the company remain private, and if so, why did it remain in private hands?

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