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Which of the following is accurate about hostile takeovers?


It harms existing shareholders by robbing them of their shares against their will.


It diminishes firm value by making management too fearful to make significant investments.


It can improve firm value by being a meaningful consequence for management acting in their own interests rather than shareholders' interests.


It benefits management by distracting the board of directors from monitoring the top executives.


It justifies government protection of firms' management so they do not lose their jobs.

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