A change in the corporate charter making it more difficult for the firm to be acquired by increasing the percentage of shareholders that must approve a merger offer is called a:
A)supermajority amendment.
B)standstill agreement.
C)greenmail provision.
D)poison pill amendment.
E)white knight provision.

Question

Quizplus · Accepted Answer

A change in the corporate charter that increases the percentage of shareholders needed to approve a merger offer is called a supermajority amendment. This makes it more difficult for a potential acquirer to gain control of the company, as they would need to obtain approval from a higher percentage of shareholders.

A Change in the Corporate Charter Making It More Difficult