LeederTech Is Facing a Hostile Takeover

question 48

Multiple Choice

LeederTech is facing a hostile takeover.Its focus as a defense strategy has been to ensure some continuity.It has decided to pursue a strategy that will prevent an acquirer from replacing the entire board of directors immediately, even though this tends to have very low success and a negative or negligible effect on shareholder wealth.What strategy did LeederTech select?

• A) Capital structure change
• B) Corporate charter amendment
• C) Greenmail
• D) Poison pill

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