The Delaware antitakeover statute provides that an acquirer of a Delaware corporation cannot complete a merger with the acquired corporation for three years after purchasing 15 percent or more of the Delaware corporation's shares.

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The statement is true. The Delaware antitakeover statute, also known as the Delaware Corporate Law Section 203, restricts an acquirer from completing a merger with the acquired corporation for three years after purchasing 15% or more of the target company's shares. This law is applicable to all Delaware corporations, which includes a significant number of publicly traded companies.

The Delaware Antitakeover Statute Provides That an Acquirer of a Delaware