Which One of the Following Statements Is TRUE

Multiple Choice

Which one of the following statements is TRUE?

A) Shareholders benefit when the company is acquired because they usually receive a higher price for their shares
B) Anti-takeover charter provisions are good for shareholders because they prevent a raider from stealing the company for a below-market price.
C) Shareholders want to prevent takeovers because they don't want the company purchased out from under them.
D) A shareholder rights provision encourages takeovers because shareholders have the right to approve the takeover if the terms are good.
E) A classified board is one in which the board members serve anonymously.