Solved: How can the management get away with rejecting an offer, Finance Basics

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How can the management get away with rejecting an offer

Yahoo received an offer from Microsoft in 2008 to buy the company shares at 31 per share. This price was 62% higher than the prevailing price. Yet Yahoo management rejected the offer. Yahoo's share traded well below the offer price for the next five years. How can the management get away with rejecting an offer that is clearly in the best interests of the shareholders?

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Finance Basics: How can the management get away with rejecting an offer

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Finance Basics: How can the management get away with rejecting an offer

Reference No:- TGS02208423

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