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QUESTION 12 Shareholder rights plans, also known as poison pills, deters a hostile takeover attempt by issuing new shares at a discount to all
QUESTION 12 Shareholder rights plans, also known as poison pills, deters a hostile takeover attempt by issuing new shares at a discount to all shareholders Creating a board with several classes of directors Issuing discounted shares to all shareholders except the hostile party, thus diluting the hostile party's ownership buying back shares from the open market
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
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