When the market for corporate control is instituted, the target firm's management is typically:

Question

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When the market for corporate control is instituted, the target firm's management is typically replaced. This is because the new acquiring company usually wants to install its own management team to implement its strategies and achieve the desired outcomes. Additionally, the existing management team may have been resistant to change or not performing up to expectations, leading to the need for new leadership.

When the Market for Corporate Control Is Instituted, the Target