Which one of the following statements is NOT true?
A)Poison pills discourage hostile takeovers.
B)Poison pills discourage potential high takeover bids.
C)Stockholders have to approve the acceptance of poison pill strategies before a corporation can use them.
D)Many institutional investors are opposed to the poison pill.

Question

Quizplus · Accepted Answer

While poison pills are subject to regulation and scrutiny, they do not necessarily require the approval of stockholders before implementation. Instead, the board of directors typically has the authority to adopt takeover defenses, including poison pills.

Which One of the Following Statements Is NOT True