4. True or False? If False, please explain briefly. (1) Whether defensive tactics create or destroy value for target shareholders depends on both corporate governance and uncertainty. (2) Research evidence shows that targets of hostile bids have higher debt and inside ownership and lower liquidity and debt capacity (3) Defense tactics are particularly discouraging to arbitrageurs. (4) The "Saturday Night Special" is a surprising offer to the target board that is left open for only a brief period of time. (5) A godfather offer is a cash offer that is accompanied with an implied threat, which makes directors feel pressured to accept (6) Golden parachutes grant target managers generous payments if they decide to stay at the combined firm following an acquisition (7) A board of directors has the power to rescind a poison pill. (8) The poison pill is a non-detachable shareholder right to obtain shares at nominal cost upon the occurrence of a triggering event. (9) Governments can give external presentation to targets through the implementation of discriminatory laws and regulations