Melvin Was Attempting to Gain Control of Western Wood Products

Multiple Choice

Melvin was attempting to gain control of Western Wood Products until he realized that the existing shareholders in the firm had the right to purchase additional shares at a below-market price given his hostile takeover attempt. Thus, Melvin decided to forgo investing in this firm. What term applies to the tactic used by Western Wood Products to stave off this takeover attempt?

A) "Pac-man" defense
B) Bear hug
C) Golden parachute provision
D) Greenmail provision
E) Share rights plan