All of the following statements about a hostile takeover are true except
A) There must be some preexisting animosity between the competing boards.
B) It is not illegal.
C) The target corporation is unaware of the acquirer's purchase offer.
D) It is irrelevant if the offer is met with friendliness or hostility.
Correct Answer:
Verified
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Q35: Can litigation prevent a hostile takeover?
A) Yes
Q36: In the case, Unitrin v. American General
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