Borrowing Funds on Terms That Would Require Immediate Repayment of All

question 12

True/False

Borrowing funds on terms that would require immediate repayment of all loans if the firm is acquired,selling off at bargain prices the assets that originally made the firm a desirable target,and granting huge "golden parachutes" that open if the firm is acquired are 3 procedures used to defend against hostile takeovers.These strategies are known as "poison pills."

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Executive Branch

The part of government responsible for implementing, enforcing, and administering the laws and policies of a country or state.

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A system of hiring and promoting governmental employees based on their ability and performance, rather than on political affiliation or other non-merit factors.

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