When discussing corporations,What is a white knight?
A) A mythical hero in fairy tales
B) An attempt to fend off a hostile takeover by selling stock at below market value
C) When management requires the approval of a large majority of shareholders to allow a takeover to happen
D) A more acceptable firm that is willing to acquire the firm threatened by hostile takeover
E) A group of investors that has borrowed money to acquire a firm
Correct Answer:
Verified
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