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Godfather Offer
An
irrefutable takeover offer made to a target company by an acquiring
company. Typically, the acquisition price's premium is extemely 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 fidiciary duty of looking out for the best interests of
the shareholders.
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