According to the Management Entrenchment Theory

According to the management entrenchment theory,

A) Management resistance to takeover attempts is an attempt to increase the proposed purchase price premium
B) Management resistance to takeover attempts is an attempt to extend their longevity with the target firm
C) Shareholders tend to benefit when management resists takeover attempts
D) Management attempts to maximize shareholder value
E) Describes the primary reason takeover targets resist takeover bids