RDS Bank has been making losses for many years now.The company's management wants to continue with the same style of operations,whereas many shareholders demand a change in management.A majority of shareholders unites and votes against the management's wish to sell the company to a larger counterpart subject to pressures from an external buyer.This is an example of a(n)________.
A) forced joint venture
B) hostile takeover
C) strategic alliance
D) majority merger
E) operational alliance

Question

Quizplus · Accepted Answer

A)In a hostile takeover, a buyer attempts to acquire a company against the wishes of management. In such a situation, the buyer tries to convince enough shareholders to go against management and vote to sell.
B)In a hostile takeover, a buyer attempts to acquire a company against the wishes of management. In such a situation, the buyer tries to convince enough shareholders to go against management and vote to sell.
C)In a hostile takeover, a buyer attempts to acquire a company against the wishes of management. In such a situation, the buyer tries to convince enough shareholders to go against management and vote to sell.
D)In a hostile takeover, a buyer attempts to acquire a company against the wishes of management. In such a situation, the buyer tries to convince enough shareholders to go against management and vote to sell.
E)In a hostile takeover, a buyer attempts to acquire a company against the wishes of management. In such a situation, the buyer tries to convince enough shareholders to go against management and vote to sell.

RDS Bank Has Been Making Losses for Many Years Now