I have answered the question below
Please up vote for the same and thanks!!!
Do reach out in the comments for any queries
Answer:
No, here the management is not acting in the best interest of the shareholders, because the management is acting to prevent shareholders from maximizing their value. The bid price from the takeover is significantly higher than the current market price of the share, thus the shareholders are better off, with the increase in value of their investments, if the takeover goes ahead. Thus, management is not acting in the best interest of the shareholders.
Get Answers For Free
Most questions answered within 1 hours.