As a means of protecting their company positions, a company may adopt a poison pill device that makes it nearly impossible for another firm to take control of the firm without the consent of the:
A) Vast majority of the shareholders of the target firm.
B) OSC and CRA.
C) Management of the target firm.
D) Majority of the shareholders of both the target firm and the acquiring firm.
E) Total shareholders of the target firm.

Question

Quizplus · Accepted Answer

A poison pill is a strategy used by a company's management to prevent or discourage hostile takeover attempts by making the company less attractive to the potential acquirer.

As a Means of Protecting Their Company Positions, a Company