In order to escape a hostile take-over, the management of a company makes an offer to a friendly…
A 'White Knight' is a corporate takeover defence strategy in which the board of a target company facing an unwelcome hostile takeover bid seeks out and agrees to be acquired…
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In order to escape a hostile take-over, the management of a company makes an offer to a friendly company for acquisition. This defensive technique is known as
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Correct answer B
A 'White Knight' is a corporate takeover defence strategy in which the board of a target company facing an unwelcome hostile takeover bid seeks out and agrees to be acquired by a friendly third-party corporation on more favourable terms.
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UGC NET Management