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One thing that we may see is more confidence in the boardroom of targets to resist hostile approaches until the end ; in other words, an increase in the number of' hostile hostiles' that never turn friendly, the Perrigo defense against Mylan, the largest hostile deal ever to go the full distance, shows that a target can pursue a sound defensive strategy, even in the absence of showstopper defenses or litigation, and win.
Found on Reuters 9 years ago
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