©2001 Prentice Hall Takeovers, Restructuring, and Corporate Governance, 3/e Weston - 36 Fair-price amendments –Supermajority provisions with board-out clause and additional clause waiving supermajority requirement if fair price is paid by bidder for all purchased shares –Fair price — highest market price of target during a past specified period –Defend against two-tier tender offers –Least restrictive among class of supermajority amendments
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