________ are defensive strategies that are built into the target corporation's articles of incorporation,corporate bylaws,or contracts and leases.

Question

Quizplus · Accepted Answer

Poison pills are defensive measures that are incorporated into a target company's legal documents or contracts to make a hostile takeover less attractive or more difficult for the acquirer. These measures can include things like diluting shares, giving existing shareholders the right to buy more shares at a discount, or granting special voting rights to certain shareholders. Poison pills are designed to trigger automatically if certain conditions are met, such as a hostile bidder acquiring a certain percentage of the target company's shares.

________ Are Defensive Strategies That Are Built into the Target