Question 20 0.1 pts Which of the following statements is FALSE? O Corporate takeovers often affect many groups, including employees who lose jobs and local communities whose economic base is eroded. O Bondholders rarely suffer when the debt incurred in the takeover, especially a highly leveraged buyout, lowers bond ratings O Incumbent management has many defenses, including poison pills, golden parachutes, and greenmail, which may be criticized on ethical grounds. O Broadly speaking, the rules for this market should be fair to all parties and provide a level playing held, but some critics of hostile takeovers question whether important decisions such as corporate control should be made in the marketplace