Multiple Choice
Xon Enterprises is attempting to take over Rayon Group. Rayon's shareholders have the right to buy additional shares at below market price if Xon (considered by Rayon's board to be a hostile bidder) buys more than 15 percent of Rayon's outstanding shares. What term applies to this antitakeover measure?
A) Share repellent plan
B) Golden parachute plan
C) Pac Man defense
D) Poison pill
E) Greenmail provision
Correct Answer:
Verified
Correct Answer:
Verified
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