A ________ is a defensive strategy built into the target corporation's articles of incorporation,corporate bylaws,or contracts and leases that can be adopted to defeat a tender offer.

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A poison pill is a common defensive strategy used by corporations to discourage hostile takeovers, in which the target company's board of directors adopts a provision that triggers certain financial penalties or dilutes shares in the event of a takeover attempt. This usually makes the target company less attractive to potential acquirers. Greenmail agreements, Pac-Man tender offers, and white knight mergers are other strategies that companies can employ in response to a hostile takeover bid, but they are not specifically built into the target corporation's articles of incorporation, bylaws, or contracts and leases.

A ________ Is a Defensive Strategy Built into the Target