Which of the following actions does NOT help managers defend against a hostile t

Question

Which of the following actions does NOT help managers defend against a hostile takeover? a. Establishing a poison pill provision. b. Establishing a super-majority provision in the company's bylaws to raise the percentage of the board of directors that must approve an acquisition from 50% to 75%. c. Granting lucrative golden parachutes to senior managers. d. Retiring long-term debt early to reduce total debt on the balance sheet which will increase the firm's financial position. e. Finding a "white squire" that will buy enough of the target firm's shares to block the hostile takeover. Which of the following actions does NOT help managers defend against a hostile takeover? a. Establishing a poison pill provision. b. Establishing a super-majority provision in the company's bylaws to raise the percentage of the board of directors that must approve an acquisition from 50% to 75%. c. Granting lucrative golden parachutes to senior managers. d. Retiring long-term debt early to reduce total debt on the balance sheet which will increase the firm's financial position. e. Finding a "white squire" that will buy enough of the target firm's shares to block the hostile takeover.

Explanation / Answer

b. Establishing a super-majority provision in the company's bylaws to raise the percentage of the board of directors that must approve an acquisition from 50% to 75%.

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.