If the board of directors of a target seeks an alternative,"friendly," acquirer,then it is said to be using which takeover defense?

Question

Quizplus · Accepted Answer

The use of a friendly acquirer to replace the hostile bidder is known as the white knight defense. Therefore, choice D, which represents "white knight," is the correct answer. Choice A, "just say no," is a takeover defense in which the target company simply refuses to negotiate with the hostile bidder; choice B, "standstill," is an agreement in which the hostile bidder agrees to not acquire additional shares of the target for a certain period of time; and choice C, "white squire," is an individual or company who buys a non-controlling stake in the target company to bolster its defenses without taking over the company completely.

If the Board of Directors of a Target Seeks an Alternative,"friendly