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What was the advantage to hankyu of structuring the


Discussion Questions

1. How should smell minority shareholders of Hanshin Electric Railway respond to Hankyu's cash offer?

2. Was it reasonable for M&A Consulting to accept the Hankyu cash offer?

3. What was the advantage to Hankyu of structuring the takeover as a two-tier bid?

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Microeconomics: What was the advantage to hankyu of structuring the
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