A restrict voting rights provision is usef to:

A$)$ prevent current shareholders from voting in special board elections

B$)$ giveshareholders of a target firm the right to buy shares in a company at a very

low price

C$)$ automatically cancel the voting rights if any shareholder whi owns more than a specified amount of a company's stock

D$)$ inplement a rarget share repurchase

Answer rating: 100% (QA)

Based on the given options the purpose of a restrict voting rights provision would be C Automaticall... View the full answer