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You are the CEO of Nelson Corporation, and the current stock price is $2180. Pollack Enterprises announced today that it intends to buy Nelson Corporation.
You are the CEO of Nelson Corporation, and the current stock price is $2180. Pollack Enterprises announced today that it intends to buy Nelson Corporation. To obtain all the stock of Nelson Corporation, Pollack Enterprises is willing to pay $33.60 per share. At a meeting with your BoD, you realize that the management is not happy with the offer, and is against the takeover. Therefore, with the full support of your manage ment team, you are ghting to prevent the takeover from Pollack Enterprises. Is the management of Nelson Corporation acting in the best interest ofthe Nelson Corpo ration stockholders? Explain your reasoning
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