The board be able to force potential acquirors to negotiate


The board be able to force potential acquirors to negotiate directly with the board rather than the shareholders? Does the Pill have a tendency to entrench management? Or is the board typically in the best position to get the maximum deal for all shareholders?   Does a poison pill potentially prevent activist investors like Carl Icahn or Bill Ackmann from obtaining control of the company and reducing jobs?

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Financial Management: The board be able to force potential acquirors to negotiate
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