Compare mergers to acquisitions of stock (via a tender offer). Choose the option that best matches the circumastance. Notation: In an M&A, we refer to the acquiring firm as "A" and the target firm as "T" regardless of the legal form (merger or acquisition): firm A bypasses the management of firm T and makes an offer directly to each shareholder of T. In a The primary purpose of a poison pill is to prevent a hostile takeover in the form of is legally simpler and cheaper because it does not require transferring title to individual assets. typically requires 2/3 majority (or more) at a shareholder meeting of both A and T. lit br s