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Suppose that company A is attempting to acquire company T via unsolicited tender offer. The offer is for a share exchange with exchange ratio of
Suppose that company A is attempting to acquire company T via unsolicited tender offer. The offer is for a share exchange with exchange ratio of one share of A for each share of T whereby T has a poison pill plan that is triggered by this hostile takeover attempt. Ts poison pill plan enables each T shareholder, except for the controlseeking one, to obtain a dividend of shares per each share they own at no cost What will be the effect on the poison pill be assuming both A and T have each one million shares outstanding?
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