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    Principles of Managerial Finance
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    Exam 18: Mergers, Lbos, Divestitures, and Business Failure
  5. Question
    A White Knight Is a Takeover Defense in Which a Firm
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A White Knight Is a Takeover Defense in Which a Firm

Question 113

Question 113

True/False

A white knight is a takeover defense in which a firm issues securities that give their holders certain rights that become effective when a takeover is attempted and that make the target firm less desirable to a hostile acquirer.

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