________ is (are) a maneuver in which a target firm's management purchases any of the target firm's stock owned by a bidder and does so for a price that is greater than the current market value of that stock.
A) Standstill agreements
B) Poison pills
C) Shark repellents
D) Greenmail

Question

Quizplus · Accepted Answer

Greenmail is a tactic in which a target firm's management buys back its own shares from a bidder at a premium price to prevent a hostile takeover. This is done to discourage the bidder from continuing with the takeover attempt.

________ Is (Are) a Maneuver in Which a Target Firm's