In fighting a hostile takeover,a "Pac-Man" tender offer refers to:
A) an offer to merge with a friendly party that promises to leave the target corporation intact.
B) an offer to sell a profitable division that is attractive to the outside interest.
C) a lawsuit filed primarily for the purposes of delay.
D) an offer to purchase a block of stock in the employee stock ownership plan.
E) the target corporation making a tender offer on the tender offeror.
Correct Answer:
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