RDS Bank has been making losses for many years now.The company's management wants to continue with the same style of operations,whereas many shareholders demand a change in management.A majority of shareholders unite and vote against the management's wish to sell the company to a larger counterpart subject to pressures from an external buyer.This is an example of a(n)________.

Question

Quizplus · Accepted Answer

B) In some situations, a buyer attempts to acquire a company against the wishes of management. In such a situation, the buyer tries to convince enough shareholders to go against management and vote to sell. This situation is known as a hostile takeover.

RDS Bank Has Been Making Losses for Many Years Now