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A surge in the number of hostile takeovers in the first half of last year sent companies scurrying to their lawyers, looking for ways to ward off would-be raiders. “We’re having a lot of conversations with companies who want to know what they can do if they get an approach from someone and don’t want to be taken over,” says Soren Lindstrom, a partner in the corporate practice with law firm Baker Botts LLP in Dallas. “It’s very much on people’s minds.”

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