Fact Pattern 36-3
Popular Movies Corporation wants to gain control of Quality Films, Inc. The companies negoti?ate for several months, without coming to terms. Popular Movies decides to pursue a takeover at?tempt. Quality Films decides to resist.
-Refer to Fact Pattern 36-3. Quality Films solicits a merger with Real2Reel Corporation, a third party, which makes a better offer to Quality Films's share?holders. Real2Reel is a

Question

Fact Pattern 36-3 
Popular Movies Corporation wants to gain control of Quality Films, Inc. The companies negoti?ate for several months, without coming to terms. Popular Movies decides to pursue a takeover at?tempt. Quality Films decides to resist.
-Refer to Fact Pattern 36-3. Quality Films solicits a merger with Real2Reel Corporation, a third party, which makes a better offer to Quality Films's share?holders. Real2Reel is a

Quizplus · Accepted Answer

Real2Reel Corporation is a white knight, as it is a third party that offers a better deal to Quality Films' shareholders, who are trying to resist the takeover attempt by Popular Movies Corporation.