Examlex
Which of the following statements regarding Al Smith is NOT true?
Share Rights Plans
Strategic measures employed by companies to ward off hostile takeovers by diluting the value of shares held by potential acquirers.
Golden Parachute
A large financial compensation package guaranteed to a company executive in the event of a forced departure or takeover.
Hostile Takeover
An acquisition attempt by a company or individual that is strongly opposed by the target company's management and board of directors.
Equity Carve-out
A corporate strategy where a company sells a portion of the equity of a wholly owned subsidiary or division through an initial public offering.
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