Question

All of the following are true of poison pills except for

a. They are a new class of security

b. Generally prevent takeover attempts from being successful

c. Enable target shareholders to buy additional shares in the new company if an unwanted shareholders ownership exceeds a specific percentage of the targets stock

d. Delays the completion of a takeover attempt

e. May be removed by the targets board if an attractive bid is received from a so-called white knight.

Answer

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