For top-level managers,board acceptance of the acquiring firm's offer usually leads to job loss as the acquiring firms wants new leadership. If the offer is refused,however,the job loss risk is minimal.

Question

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The risk of job loss for top-level managers can still be significant even if the offer is refused, as the company may face other challenges or pressures that could lead to leadership changes.

For Top-Level Managers,board Acceptance of the Acquiring Firm's Offer Usually