(Answered) Question an article in the journal of business reports the

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Question: An article in the Journal of Business reports the results of an analysis of takeovers of U.S. firms by foreign corporations. The article looked at the reaction to the attempted takeover by the management of the target firm: friendly, hostile, or white knight. Suppose the data are as follows.

Does managerial reaction by the target firm affect the success of the takeover?

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