Question: A _ _ _ _ _ _ _ _ is when a rich individual or organization purchases a large fraction of the stock of a
A is when a rich individual or organization purchases a large fraction of the stock of a poorly performing firm and in doing so gets enough votes to replace the board of directors and the CEO.
Question options:
A
leveraged buyout
B
shareholder action
C
shareholder proposal
D
hostile takeover
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
