In defending against a hostile takeover, the strategy that involves the target firm finding a more suitable acquirer and prompting it to compete with the initial hostile acquirer to take over the firm is called the _________ strategy.
A. poison pill
B. white knight
C. golden parachute
D. greenmail
Answer:B
In defending against a hostile takeover, the strategy that involves the target firm finding a more suitable acquirer and prompting it to compete with the initial hostile acquirer to take over the firm is called the _________ strategy.
A. poison pill B. white knight C. golden parachute D. greenmail