What is the main difference between the U.S.and Canada in terms of the use of poison pills?
A)In Canada, poison pills are illegal.
B)In the U.S., poison pills cannot be challenged in court.
C)In Canada, courts always dismiss the usage of poison pills.
D)In Canada, poison pills are used to delay the acquisition in case of the existence of another bidder; they cannot be used to frustrate a bid the way they are in the U.S.

Question

Quizplus · Accepted Answer

The main difference between the U.S. and Canada in terms of the use of poison pills is that in Canada, poison pills are used to delay the acquisition in case of the existence of another bidder; they cannot be used to frustrate a bid the way they are in the U.S. This means that poison pills are legal in Canada as long as they are used in a certain way, while in the U.S., there is no such limitation on how poison pills can be used.

What Is the Main Difference Between the U