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What are the advantages for a firm using a pre-packaged bankruptcy? Disadvantages?
Companies Act
A set of laws and regulations that govern the formation, operation, and dissolution of companies, typically enacted by a country's legislature.
Shareholders
Individuals or entities that own one or more shares of stock in a corporation, giving them a portion of its ownership and sometimes rights to dividends and voting in corporate matters.
Hostile Takeover
An attempt by one company to acquire another without the agreement of the target company's management.
Market Value
The current price at which an asset or service can be bought or sold in the open market.
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