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hostile tender offer |
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667 shares of First Interstate stock, launch a hostile tender offer for First Interstate's stock, solicit proxies and consents from First Interstate shareholders to vote against the First Bank merger and attempt to replace First Interstate's board of directors with its own nominees. No hostile tender offer was received by National Starch and the transaction was completed as a friendly takeover. There are those who say that the problems of our big American companies have been brought on or compounded by our tax policies, our national deficit, our inept global commerce program, our hostile tender offer and junk bond binge, our lack of competitiveness vs. |
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