Antitakeover defense became increasingly sophisticated during the following merger waves:

Question

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During the third merger wave in the 1980s, antitakeover defense mechanisms became increasingly sophisticated. This was due to the rise of hostile takeovers and the need for companies to protect themselves. Companies began implementing poison pills, golden parachutes, and other defensive measures to deter hostile takeovers. This trend continued into the fourth merger wave in the late 1990s and early 2000s. Therefore, the best choice is C) Third.

Antitakeover Defense Became Increasingly Sophisticated During the Following Merger Waves