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hostile takeover |
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hostile takeover
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| This prohibition leaves the corporation at a distinct disadvantage during hostile takeovers because a corporate raider may raise funds and deduct loan fees to purchase a target's stock, while the target may not. The author exploits the interesting contrast between earlier years when banking, conducted under the "Gentleman Banker's Code," was governed by propriety and today's environment of hostile takeovers where the bank's loyalties are more transient and scandals are a common occurrence. There are a number of reasons why planning for hostile takeovers is especially important. |
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