Is management acting in the share holders best interests

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Reference no: EM13811266

Suppose you own stock in a company. The current price per share is $25. Another company has just announced that it wants to buy your company and will pay $35 per share to acquire all the outstanding stock. Your company management immediately begins fighting off this hostile bid. Is management acting in the share holders best interests? Why or Why not?

Reference no: EM13811266

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