A corporate raider is trying to take over the Cliff Company. In an attempt to avoid this hostile takeover, The Cliff Company is requiring a large majority of stockholders to approve the takeover. Which method of evading a takeover attempt does this describe?

Question

Quizplus · Accepted Answer

The Cliff Company is using a shark repellant to evade the takeover. A shark repellant requires a large majority of stockholders to approve the takeover.

A Corporate Raider Is Trying to Take Over the Cliff