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xeze [42]
3 years ago
14

Lancelock Inc. buys a less accomplished firm by directly signing a deal with the target firm's shareholders. The move is vehemen

tly opposed by the board of directors and the top management of the target firm. This is an example of a _____.
Business
1 answer:
WARRIOR [948]3 years ago
7 0

Answer:

The correct answer is: hostile takeover.

Explanation:

A Hostile Takeover is a takeover by a bidding firm of a target company where the two parties fail to reach a purchase agreement or the target company is unable to go through with the transaction. Hostile takeovers are popular among public companies in which the shareholders -represented by the Board of Directors- are the owners.

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Why is it important to understand the purpose of a document?
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