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Which one of the following statements is false? Poison pills encourages current owners to purchase more stock in the company. Poison pills discourage potential high

Which one of the following statements is false?

Poison pills encourages current owners to purchase more stock in the company.

Poison pills discourage potential high takeover bids.

Stockholders have to approve the acceptance of poison pill strategies before a corporation can use them.

Many institutional investors are opposed to the poison pill.

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