Question
Which one of the following statements is TRUE? a. Shareholders benefit when the company is acquired because they usually receive a higher price for their
Which one of the following statements is TRUE?
a. | Shareholders benefit when the company is acquired because they usually receive a higher price for their shares | |
b. | A classified board is one in which the board members serve anonymously. | |
c. | A shareholder rights provision encourages takeovers because shareholders have the right to approve the takeover if the terms are good. | |
d. | Shareholders want to prevent takeovers because they don't want the company purchased out from under them. | |
e. | Anti-takeover charter provisions are good for shareholders because they prevent a raider from stealing the company for a below-market price. |
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