Firms facing hostile takeovers often take actions to forestall the acquisition. For instance, a firm could seek help from another company to become a friendly acquirer of a target firm and protect itself from a hostile takeover. 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 defence tactic for Hynde to take against this merger? Raising antitrust concerns to the Justice Department Issuing new common stock Waiting for a white knight to compete with Denton's offer Eileen works for an investment bank in the corporate finance division. Along with the typical functions in her job role, such as finding a potential target company for a client which would add synergistic value to the client, finding a potential acquirer for a client, developing defensive tactics, establishing a fair value and financing operations, Eileen also works with her team in conducting arbitrage operations. Based on your understanding of arbitrage operations complete the following sentence: Transactions in which the arbitrageurs speculate in the stocks of companies that are likely takeover targets is called