State antitakeover statutes are designed to protect domestic corporations,but not foreign corporations,doing business in the state.

Question

Quizplus · Accepted Answer

Antitakeover statutes are usually state laws and are created to protect domestic corporations from hostile takeovers. Foreign corporations may be subject to different laws and regulations in the state they do business in. Therefore, state antitakeover statutes generally do not apply to foreign corporations.

State Antitakeover Statutes Are Designed to Protect Domestic Corporations,but Not