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Firm K has announced to their shareholders that they have created a provision in the corporate bylaws that state all shareholders have a standing rights

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Firm K has announced to their shareholders that they have created a provision in the corporate bylaws that state all shareholders have a standing rights offer to buy shares at a deeply discounted price should an acquirer successfully target the firm. This provision is often referred to as an): O poison pill white knight election staggering golden parachute

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