A modification of the corporate charter that requires 80 percent shareholder approval for a takeover is called a(n)
A)repurchase standstill provision.
B)exclusionary self-tender.
C)supermajority amendment.
D)tender offer.

Question

Quizplus · Accepted Answer

A supermajority amendment requires a higher percentage of shareholder approval for certain corporate actions, such as a takeover. In this case, the amendment requires 80% shareholder approval for a takeover.

A Modification of the Corporate Charter That Requires 80 Percent