Which of the following is not a mechanism for changing a firm's management?
A) A proxy contest
B) A leveraged buyout
C) A poison pill
D) A takeover

Question

Quizplus · Accepted Answer

A poison pill is a defensive mechanism used by a firm to deter or make a hostile takeover unattractive to the potential acquirer by making the firm's stock less attractive. However, it does not directly lead to changing the firm's management. On the other hand, a proxy contest, a leveraged buyout, and a takeover can all lead to changes in the firm's management.

Which of the Following Is Not a Mechanism for Changing