State antitakeover statutes are usually enacted to protect local state businesses from being taken over by other businesses,particularly out-of-state businesses,which might close certain plants located in the state,move certain business operations out of state,lay off employees who are residents of the state,and cause a decrease in tax revenues of the state.

Question

Quizplus · Accepted Answer

State antitakeover statutes are indeed enacted to protect local state businesses from the negative effects of being taken over by other businesses, including but not limited to plant closures, job losses, and decreased tax revenues.

State Antitakeover Statutes Are Usually Enacted to Protect Local State