When a Firm Is Facing a Hostile Takeover Attempt,it May

question 64

Multiple Choice

When a firm is facing a hostile takeover attempt,it may issue a poison pill,which is

• A)when it fires its board of directors for incompetence.
• B)when the firm allows stockholders to buy up shares of stock at lower than market value.
• C)when the executive suite quits en masse before a takeover.
• D)a term for plummeting stock values.
• E)merely a harshly worded letter to the company attempting to take it over expressing dismay at the maneuver.