Company a Makes an Offer to Purchase All of the Shares

question 10

Multiple Choice

Company A makes an offer to purchase all of the shares of Company B from Company B's shareholders. The board of directors of B Company does not feel that the offer is adequate and seeks out another purchaser who might offer more for the shares. This defence to the takeover is referred to as:

• A) poison pill.
• B) pac-man defence.
• C) white knight.
• D) selling the crown jewels.

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