Shareholder primacy and U.K. takeover law

Measures the effect of shareholder primacy and the interests of non shareholding stakeholders during hostile takeovers.
Using case studies and theoretical conceptualisation to understand the nature of takeover law

the cases of Manchester United and Cadbury what are the affects a hostile takeover has over employers (nonshareholding stakeholders) ?

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I.e The board neutrality rule of the takeover code places directors in an difficult position to protects other stakeholders interests.

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