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All of the following statements regarding poison pills are true EXCEPT: A. Poison pills may allow target shareholders to buy discounted shares of target stocks.
All of the following statements regarding poison pills are true EXCEPT:
A. Poison pills may allow target shareholders to buy discounted shares of target stocks.
B. According to court rulings, a leveraged recapitalization creates an auction environment that negates a poison pill.
C. The board of directors can rescind poison pills.
D. Acquirers that have swallowed a poison pill still earned reasonable rates of return for their shareholders.
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