Multiple Choice
Enchilada Inc. seeks to purchase a substantial number of the voting shares of Fajita Company. Enchilada deals directly with the shareholders of Fajita. Enchilada offers a price higher than the market price of Fajita's shares. This is
A) a poison pill.
B) a tender offer.
C) a self-tender.
D) a breach of the business judgment rule.
Correct Answer:
Verified
Correct Answer:
Verified
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