When Reese Group of Hotels (RGH)was on the Verge of Facing

question 59

Multiple Choice

When Reese Group of Hotels (RGH) was on the verge of facing a hostile takeover bid by rivals Blossoms Group (which held a 14.98 percent stake in RGH) ,Rely's came forward and bought a 14.12 percent stake in RGH,thereby relieving RGH from the hostile takeover risk.This kind of tender offer defense is called:

• A) Greenmail.
• B) The lock-up option.
• C) White Knight.
• D) Pac-Man.

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Definitions:

Evidence

Information or facts presented in support of an assertion, argument, or as proof of the truth of a statement.

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Cross-sectional

A type of study or analysis that examines data from a population at a single point in time.

Favorite Foods

Personal preferences for specific foods, which can be influenced by cultural, social, psychological, and physiological factors.