In defending against a hostile takeover, the strategy that involves the target firm creating securities that give their holders certain rights that become effective when a takeover is attempted is called the _________ strategy.
A. shark repellent
B. greenmail
C. poison pill
D. golden parachute
Answer:C
In defending against a hostile takeover, the strategy that involves the target firm creating securities that give their holders certain rights that become effective when a takeover is attempted is called the _________ strategy.
A. shark repellent B. greenmail C. poison pill D. golden parachute