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Question
Xon Enterprises is attempting to take over Rayon Group. Rayons shareholders have the right to buy additional
shares at below market price if Xon (considered by Rayons board to be a hostile bidder) buys more than 15 percent of Rayons outstanding shares. What term applies to this antitakeover measure?
a. Share repellent plan
b. Golden parachute plan
c. Pac Man defense
d. Poison pill
e. Greenmail provision
Answer
This answer is hidden. It contains 1 characters.
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