Which of the Following Was the Result in the Quickturn

question 12

Multiple Choice

Which of the following was the result in the Quickturn Design Sys.,Inc.v.Shapiro case,which involved a Delaware court's ruling on the "no-hand pill"?

• A) As a matter of law the pill was valid as a response to a takeover bid regardless of whether independent proof existed that the directors acted reasonably.
• B) The pill was valid because the directors established, based upon reliable expert testimony, that the hostile takeover bid presented a dangerous threat to the continuation of the company.
• C) The pill, which had to be redeemed within one month of a takeover bid or else be allowed to remain in place, was invalid because it impermissibly circumscribed the board's statutory power to manage the business affairs of the company and the directors' ability to fulfill their fiduciary duties.
• D) The pill, which could not be redeemed for six months following a takeover, was invalid because it impermissibly circumscribed the board's statutory power to manage the business affairs of the company and the directors' ability to fulfill their fiduciary duties.

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Definitions:

Confidence Interval

A statistical range that estimates where a population parameter lies with a certain probability.

Sample Standard Deviations

A measure that quantifies the amount of variation or dispersion of a set of sample data values.

Margin Of Error

An estimate of the amount by which a sample statistic differs from a population parameter, expressed often as a confidence interval.

Equal Sample Sizes

A condition in statistical analysis where the number of data points or observations in each group or category being compared is the same.