Defending against mergers

Firms facing hostile takeovers often take actions to forestall the acquisition.

For instance, in a merger when change in corporate ownership occurs, executives might be allowed to bail out by taking large payments as compensation. Such tactics are referred to as $$

Denton Manufacturing has made a tender offer for Hynde Industries. Both companies are relatively large firms in the automobile parts industry. Which of the following likely would be the most effective defense tactic for Hynde to take against this merger?

Raising antitrust concerns to the Justice Department

Soliciting a white knight to compete with Denton's offer

Issuing new common stock