An employee stock ownership plan (ESOP) is expected to ________.
A) vote the shares it possesses against a potential acquirer in a proxy contest
B) help shareholders of the target corporation convert their shares for a greater number of shares of the acquiring corporation
C) aid shareholders of the target corporation convert their shares for a greater number of debt securities of the target corporation
D) sell the crown jewels it owns to friendly parties in order to distract a potential acquirer
Correct Answer:
Verified
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