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Quotes of the day:
Truth may be stretched, but cannot be broken, and always gets above falsehood, as oil does above water.
A Godfather offer is an irrefutable takeover offer made to a target company by an acquiring company. Typically, the acquisition price’s premium is extremely generous compared to the prevailing market price. Therefore, if the target company’s management refuses the offer, shareholders may initiate lawsuits or other forms of revolt against the target company for not performing their fiduciary duty of looking out for the best interests of the shareholders.
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