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Week 8 (part II) (Takeover Defenses (Golden parachutes (senior managers of…
Week 8 (part II)
Takeover Defenses
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Golden parachutes
senior managers of the firm will receive an amount of money if the firm is taken over and the managers are let go
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The leveraged buyout
corporate raider borrows money from the bank and pledge the shares themselves as collateral on loans
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