Which One of the Following Statements Is Correct

Multiple Choice

Which one of the following statements is correct?

A) Proxy contests in the USA tend to result in an increase in the targeted firm's stock price.
B) Proxy contests in the Europe normally cause a drop in the stock price of the targeted firm.
C) While their outcome is not binding for the management, proxy contests in the USA are more likely to earn shareholder approval than in Europe.
D) All of the above.