An Unfriendly Takeover Can Always Be Stopped by Invoking a Poison

question 89

True/False

An unfriendly takeover can always be stopped by invoking a poison pill under the Companies Act.

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Definitions:

Injured Third Party

An individual or entity that suffers harm or damage due to the actions or the contractual relationship between two other parties.

Partnership

A legal form of business operation between two or more individuals who share management and profits.

Limited Liability

A legal structure that limits the financial responsibility of owners or shareholders to their investment in a company, protecting personal assets from business debts.

Carrying on Business

The act of engaging in commercial activities with a degree of continuity and organization, aiming at producing income or profit.