A fiRm Votes to Require Any Proposed Merger Be Approved

question 25

Multiple Choice

A firm votes to require any proposed merger be approved by a supermajority of the shareholders.
The firm has _________________ as a defensive tactic.

• A) Used its corporate charter.
• B) Relied on repurchase and/or standstill agreements.
• C) Utilized exclusionary self-tender offers.
• D) Instituted a poison pill.
• E) Created a flip-over provision.