Generally,a ________ is established as a pre-offer strategy that remains dormant until the right set of circumstances activates its operation.

Question

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The phrase "pre-offer strategy" suggests that this tactic is put in place by a company in anticipation of a potential takeover bid. The term "dormant" implies that it is not actively used until a specific trigger event occurs. These factors both point to a poison pill defense, which involves implementing measures that make the company less attractive or less financially viable to potential acquirers. Greenmail arrangements and targeted shareholder agreements are more proactive measures taken by a potential acquirer, while a public relations campaign is unlikely to deter a hostile takeover bid.

Generally,a ________ Is Established as a Pre-Offer Strategy That Remains