Question

What occurred as a result of a wave of hostile takeovers in the 1980s?
A) Companies took on huge debts to make themselves less attractive for acquisition.
B) Companies began shedding overseas assets so as to remain liquid in the case of a challenge.
C) American corporations drastically shed their debt, throwing the bond market into a tailspin.
D) Businesses rushed to settle labor disputes so as to protect their workforce against eventual layoffs.

Answer

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