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Why are takeover defenses likely to help shareholders of well-managed good firms, and why might takeover defenses harm shareholders of poorly managed bad firms? Which
Why are takeover defenses likely to help shareholders of well-managed "good" firms, and why might takeover defenses harm shareholders of poorly managed "bad" firms? Which types of takeover defenses do you think are more likely to be used by the "good" firms and which types by the "bad" firms? What should shareholders of the "bad" firms do if they implement such defenses? Illustrate your answers with examples if possible
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