PDF-1IntroductionThelargepremiumstypicallyobservedincorporatetakeoverssugg

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1SeeegGrossmanandHart1980ShleiferandVishny1986HirshleiferandTitman1990BulowHuangandKlemperer19991 andthatthetoeholdsizewhenpositiveincreaseswiththethresholdvalueThetoeholdthreshol

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