Contract Devices Explicitly Designed to Thwart a Hostile Takeover Attempt

question 17

Multiple Choice

Contract devices explicitly designed to thwart a hostile takeover attempt are called poison pills or shark repellents.Examples include all of the following EXCEPT:

• A)a shareholder rights plan that can be issued as dividends at management's discretion.
• B)an event-triggered put provision in one of the firm's debt contracts.
• C)a provision in the firm's charter that gives incumbent management their positions for life.

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Definitions:

Urine Retention

The inability to completely or partially empty the bladder, which can lead to discomfort and other urinary tract health issues.

Elderly Men

Male individuals of advanced age, usually considered to be 65 years and older.

Gamete Formation

The process of producing gametes, which are reproductive cells (sperm and eggs) that contain half the genetic material of the parent organism.

Gene Pairs

Two genes located at the same position on homologous chromosomes, influencing the same trait but possibly in different ways.