Choose the correct option. XYZ Corp. holds 7% of the outstanding voting shares of DEF Corp. XYZ would like to further increase its holdings of DEF by purchasing additional shares in the open market. However, XYZ wants to keep its percentage interest in DEF below the level that would trigger a takeover bid. What is this level? It has already exceeded the level of a takeover bid. Less than 10% Less than 15% Less than 20%

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The detailed answer for the above question is provided below Less than 20 Generally regulatory bodies set thresholds requiring shareholders intending ... View the full answer