Redstone Enterprises wishes to take over Artemia Industries.To do this,Redstone offers Artemia's shareholders a hostile tender offer.Which of the following resulting scenarios is an example of a reverse tender offer?
A) Artemia creates an employee stock ownership plan that aims to sabotage Redstone's shareholders.
B) Artemia merges with friendly parties that protect it from Redstone's hostile takeover plans.
C) Artemia offers a tender offer to Redstone's shareholders in order to buy Redstone.
D) Artemia issues a tender offer to its own shareholders to relieve them of the collateral damage resulting from the takeover.
Correct Answer:
Verified
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