Sagrium Ltd. tried for two years to acquire all the shares of Hunter Inc., upping the...
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Sagrium Ltd. tried for two years to acquire all the shares of Hunter Inc., upping the share price offer by 10% three different times. Hunter shareholders were not convinced and were justified in not accepting Sagrium's offer when the price of Hunter's shares rose above the former's highest bid offer. As Sagrium prepared a fourth offer, Hunter finally lashed out and made a counter-offer to buy Sagrium. What is this takeover defense known as? Select one Poison Pill Goden parachute Pac-man White knight Sagrium Ltd. tried for two years to acquire all the shares of Hunter Inc., upping the share price offer by 10% three different times. Hunter shareholders were not convinced and were justified in not accepting Sagrium's offer when the price of Hunter's shares rose above the former's highest bid offer. As Sagrium prepared a fourth offer, Hunter finally lashed out and made a counter-offer to buy Sagrium. What is this takeover defense known as? Select one Poison Pill Goden parachute Pac-man White knight
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Related Book For
Foundations Of Financial Management
ISBN: 9781259265921
11th Canadian Edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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