Multiple Choice
Fact Pattern 41-2B (Questions B18-B19 apply)
Popular Movies Corporation wants to gain control of Quality Films, Inc. The companies negoti?ate for several months, without coming to terms. Popular Movies decides to pursue a takeover at?tempt. Quality Films decides to resist.
-Refer to Fact Pattern 41-2B. Quality Films issues shares that its shareholders can exchange for cash if a takeover is successful, intending to make Popular Movies's takeover attempt too expensive. This is a
A) crown jewel defense.
B) Pac-Man defense.
C) poison pill defense.
D) white knight defense.
Correct Answer:
Verified
Correct Answer:
Verified
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