Multiple Choice
Which of the following is true about supervoting stock?
A) Is a commonly used takeover tactic.
B) Is generally encouraged by the SEC
C) May have 10 to 100 times of the voting rights of other classes of stock
D) Is issued to acquiring firms if they agree not to purchase a controlling interest in the target firm
E) Is a widely used takeover defense
Correct Answer:
Verified
Correct Answer:
Verified
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