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The current stock price of Cruz Inc. is $50 per share. The companys management believes that the current price is fair and there is nothing
The current stock price of Cruz Inc. is $50 per share. The companys management believes that the current price is fair and there is nothing else they can do to increase shareholder value. Another company just announced that it wants to buy Cruz Inc. and will pay $65 per share to acquire all the outstanding shares of Cruz. Cruz management immediately begins fighting off this hostile bid. There are no other potential buyers. Do you agree with the action taken by Cruzs management? Provide your answer and state your reasoning.
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