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Question
Which is true of the following? A white knight
a. Is a group of dissident shareholders which side with the bidding firm
b. Is a group of the target firms current shareholders which side with management
c. Is a third party that is willing to acquire the target firm at the same price as the bidder but usually removes the targets management
d. Is a firm which is viewed by management as a more appropriate suitor than the bidder
e. Is a firm that is willing to acquire only a large block of stock in the target firm
Answer
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