It is very costly to execute a proxy and takeover contest. A typical takeover premium may be

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It is very costly to execute a proxy and takeover contest. A typical takeover premium may be as high as 20%—

worthwhile only if the current management commits the most egregious breach of appropriate behavior. A proxy contest costs “only” a few million dollars to execute.

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Corporate Finance An Introduction

ISBN: 9780321277992

1st Edition

Authors: Ivo Welch

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Question Posted: Oct 26, 2024 04:03 AM

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It is very costly to execute a proxy and takeover contest. A typical takeover premium may be

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Corporate Finance An Introduction

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