The Case Against Board Veto in Corporate Takeovers
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This paper argues that once undistorted shareholder choice is ensured -- which can be done by making it necessary for hostile bidders to win a vote of shareholder support -- boards should not have veto power over takeover bids. The paper considers all of the arguments that have been offered for
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美国国家经济研究局创建时间：
2002-07-01
