Both the Acquirer and Target Boards of Directors Have a Fiduciary

question 43

True/False

Both the acquirer and target boards of directors have a fiduciary responsibility to demand that the merger terms be renegotiated if the value of the offer made by the bidder changes materially relative to the value of the target's stock or if their has been any other material change in the target's operations.

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Definitions:

Field

In computing, an area allocated for a specific piece of data within a database or software application.

Rename

To rename is to change the name of a file, directory, or other types of data or document to a new one.

Field Properties

Attributes or settings that define the behavior and characteristics of a data field within a database or form.

Data Type

Specifies the kind of data that can be stored and manipulated within a programming environment.