Despite the pressure of an attractive purchase price premium, the composition of the target's board
greatly influences what the board does and the timing of its decisions.

Question

Quizplus · Accepted Answer

The board of the target company can resist the pressure of an attractive purchase price premium if they don't agree with the deal or if it goes against their long-term strategic goals. The board's decision-making process can also be influenced by the composition and viewpoints of its members. Therefore, the statement is true.

Despite the Pressure of an Attractive Purchase Price Premium, the Composition