Which one of the following statements is TRUE?

a. A targeted share repurchase can be used to increase the stock price if the company is undervalued.

b. Anti-takeover charter provisions are good for shareholders because they prevent a raider from stealing the company for a below-market price

.c. One tool of corporate governance is choosing a good investment banker.

d. Shareholders want to prevent takeovers because they don't want the company purchased out from under them.

e. A targeted share repurchase can be used to prevent a hostile takeover.