Multiple Choice
Company A has made an offer to purchase all of the outstanding shares of Company B for $10 per share (the current market value of the shares) . In response to Company A's offer, the shareholders of Company B were given rights to purchase additional shares at $8 per share. Which of the following tactics was employed by Company B to prevent Company A from acquiring control of Company B?
A) Pac-man defence.
B) Selling the crown jewels.
C) Poison Pill.
D) Reverse-takeover.
Correct Answer:
Verified
Correct Answer:
Verified
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