If a Firm Issues a Poison Pill When Facing a Hostile

question 54

Multiple Choice

If a firm issues a poison pill when facing a hostile takeover attempt,it:

• A)fires its board of directors for incompetence.
• B)allows stockholders to buy shares of stock at prices lower than the market value.
• C)involves the firing of the entire executive committee before a takeover.
• D)requires a majority of stockholders to approve the takeover.
• E)files a lawsuit to avoid the takeover.

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