An Attempt to Gain Control of a Firm by Soliciting

question 17

Multiple Choice

An attempt to gain control of a firm by soliciting a sufficient number of stockholder votes to replace the current board of directors is called a:

• A)tender offer.
• B)proxy contest.
• C)going-private transaction.
• D)leveraged buyout.
• E)consolidation.

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Definitions:

Solely Responsible

Being the only person accountable for a specific task or outcome, with no shared responsibility.

Larger Chain

A term referring to a retail or hospitality business that operates numerous locations, typically under a single brand or company.