Vision Tech is a software company based out of San Francisco. Its stockholders are mostly institutional investors and there is relatively little individual ownership. If these institutions dilute their positions and sell off their stake in Vision Tech$$s stock to several individual investors, would direct shareholder intervention be more or less likely to motivate the firm$$s management?

Less likely

More likely

Vision Tech$$s stock price is currently trading at $$36$ per share. The consensus among analysts is that the intrinsic value of Vision Tech$$s stock is $$28$ per share. Is Vision Tech more or less likely to receive a hostile takeover bid?

More likely

Less likely