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crumbling. Change in the direction of shareholder value is therefore limited. The take-over of Mannesmann by Vodafone after a 3 …
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The adoption of takeover protections, from the empirical side, has been focused to find supporting evidence to the … decisions for additional takeover defenses are taken. Alternatively, external control gives more negotiation power, allowing for … higher takeover prices, which is expected to increase shareholders' wealth. These two hypotheses have been widely tested in …
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