Multiple Choice
What is a "scorched earth strategy"?
A) A takeover strategy whereby a bidder secretly buys stock from the shareholders.
B) A defensive takeover strategy where the target sells off the assets that the takeover company most wants.
C) A takeover strategy whereby the bidder merges its company with that of the target firm.
D) A defensive takeover strategy where the target effectively limits how large a block of stock an investor can buy.
Correct Answer:
Verified
Correct Answer:
Verified
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