A modification to the corporate charter that requires 80% shareholder approval for a takeover is called a(n):
A) repurchase standstill provision.
B) exclusionary self-tender.
C) supermajority amendment.
D) tender offer.

Question

Quizplus · Accepted Answer

A supermajority amendment is a change to a company's charter that requires a significantly higher percentage of shareholder votes than a simple majority to approve certain changes, such as takeovers, making it harder for takeovers to succeed without broad shareholder support.

A Modification to the Corporate Charter That Requires 80% Shareholder