The most effective takeover prevention strategy is the

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Staggered boards, also known as classified boards, have been found to be the most effective takeover prevention strategy as they make it difficult for a hostile bidder to gain control of the entire board at once. This is because only a portion of the board is up for election at any given time, making it more challenging for a bidder to gain control quickly. The poison pill and fair value provision are also popular takeover prevention strategies, but they may not be as effective as staggered boards in some cases. The blowfish defense is not a common or well-known takeover prevention strategy. The staggered board or classified board is a takeover prevention strategy that involves dividing the board of directors into different classes, with each class serving for a certain period of time. This makes it difficult for an acquiring company or group to gain control of the board in a single proxy fight, as they would need to wait for each class's term to expire before trying again. This strategy provides the company with time to explore other alternatives and options to prevent the takeover.

The Most Effective Takeover Prevention Strategy Is the