Company a Makes an Offer to Purchase All of the Shares

Multiple Choice

Company A makes an offer to purchase all of the shares of Company B from Company B's shareholders. The board of directors of B Company does not feel that the offer is adequate and seeks out another purchaser who might offer more for the shares. This defence to the takeover is referred to as:

A) poison pill.
B) pac-man defence.
C) white knight.
D) selling the crown jewels.