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Q) You are a shareholder of a listed company and the current share price is $25. Another company has just announced that it wants to

Q) You are a shareholder of a listed company and the current share price is $25. Another company has just announced that it wants to buy your company and will pay $35 per share to acquire all shares outstanding. Your companys management immediately begins fighting off this hostile bid. Is management acting in the shareholders best interests? Why or why not?

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