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Question 17 10 pts Goat Yoga, Inc., is a publicly-traded corporation. It has learned that it is the target of a hostile takeover by Taylor

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Question 17 10 pts Goat Yoga, Inc., is a publicly-traded corporation. It has learned that it is the target of a hostile takeover by Taylor Swift. Swift wants to use the goats to produce artisan cheese and pivot to offering traditional yoga classes. Which of these strategies is the best one for the board adopt to defeat the hostile takeover while not running afoul of the business judgment rule and its fiduciary duty to shareholders? The board should amend the corporate charter to require a supermajority vote of shareholders in order to change the purpose of the company from using goats for yoga to using goats to produce cheese, thereby requiring Swift to purchase more stock to accomplish her goals. Once Swift buys Goat Yoga stock, the company should offer to buy it back at a higher price than Swift paid for it The directors should choose the shark repellent that best allows them to keep their jobs. The board should meet in secret and establish staggered terms for directors, so that it will take Swift years to replace all of the members of the board, thus making it difficult for her to achieve her plans for the company The board of directors should issue a poison pill to the goats, thereby killing them and eliminating the value of the asset that Swift wants, so that she will have no motivation to take over the company

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