Multiple Choice
In CASE 20.5 Third Point LLC v.Ruprecht (2014) ,the Delaware Court of Chancery considered whether the __________ had breached its __________ duty when it adopted a(n) __________ stock rights plan in response to an activist hedge-fund's increased holdings in the company's stock.
A) board of directors, fiduciary, two-tiered
B) CEO, fiduciary, poison-pill
C) board of directors, loyalty, poison-pill
D) board of directors, fiduciary, poison-pill
Correct Answer:
Verified
Correct Answer:
Verified
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