“I don’t know of any worthwhile, redeeming...
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“I don’t know of any worthwhile, redeeming feature of a hostile takeover.”
--Sen. Terry Sanford (D-N.C.), sponsor of a Senate bill restriction corporate takeovers.
“It is a misnomer to call such a takeover effort hostile; incumbent shareholders are usually happy to sell their shares at a premium to the acquiting firm. Frequently only the incumbent managers are hostile, and that is often because they expect to lose their jobs if the takeover succeeds.”
--Daniel Oliver, chairman of the Federal Trade Commission
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