When a hostile takeover appears to be inevitable, a target company will sometimes look for another, friendlier company to acquire it called a
A)classified board.
B)golden parachute.
C)white knight.
D)poison pill.

Question

Quizplus · Accepted Answer

A white knight is a friendly company that can come to the rescue of a target company facing a hostile takeover. This white knight company can acquire the target company, saving it from falling into the hands of the hostile bidder.

When a Hostile Takeover Appears to Be Inevitable, a Target