When the Management of the Target Corporation of a Tender

question 43

Multiple Choice

When the management of the target corporation of a tender offer opposes the tender offer,it can:

• A) purchase the shares of its shareholders as treasury stock,but little more
• B) petition the Securities and Exchange Commission to have the offer voided
• C) exercise its appraisal rights
• D) petition the board of directors to adopt a resolution prohibiting sale by the shareholders to the entity who made the tender offer
• E) none of the above

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