Which of the following must be approved by the shareholders if a company is attempting to avoid a hostile takeover bid?

Question

Quizplus · Accepted Answer

All of the choices listed (white knights, staggered board of directors, and supermajority voting) are defensive measures that a company can take to avoid a hostile takeover bid. All of these options would require approval by the shareholders in order to be implemented. Therefore, the correct answer is D: All the above.

Which of the Following Must Be Approved by the Shareholders