An Antitakeover Measure Where a Company Attempts to Buy Back

question 37

Multiple Choice

An antitakeover measure where a company attempts to buy back its shares of stock at a premium from the company or investor who initiated the unfriendly takeover is ____.

• A) pacman defense
• B) boardmail
• C) white squire
• D) greenmail

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Definitions:

National Security Exchange

A regulated marketplace for the trading of securities, such as stocks and bonds, that must adhere to specific government standards for the protection of investors.

Securities Act Of 1933

A U.S. law enacted to ensure transparency and fairness in the securities market, requiring issuers of securities to disclose significant information to investors.

Definition Of Security

A financial instrument that represents an ownership position in a publicly-traded corporation (stock), a creditor relationship with a governmental body or a corporation (bond), or rights to ownership as represented by an option.

Resold Without Registration

Referring to the sale of securities without registering them with the required regulatory body, often not in compliance with securities law.