In defending against hostile takeover attempts, a company will approve anti-takeover amendments to the corporate charter that constrain the firm’s ability to transfer managerial control of the firm as a result of a merger. This is called the _________ strategy.
A. golden parachute
B. greenmail
C. poison pill
D. shark repellent
Answer:D
In defending against hostile takeover attempts, a company will approve anti-takeover amendments to the corporate charter that constrain the firm’s ability to transfer managerial control of the firm as a result of a merger. This is called the _________ strategy.
A. golden parachute B. greenmail C. poison pill D. shark repellent