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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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