LeederTech is facing a hostile takeover.Its focus as a defense strategy has been to ensure some continuity.It has decided to pursue a strategy that will prevent an acquirer from replacing the entire board of directors immediately, even though this tends to have very low success and a negative or negligible effect on shareholder wealth.What strategy did LeederTech select?
A) Capital structure change
B) Corporate charter amendment
C) Greenmail
D) Poison pill

Question

Quizplus · Accepted Answer

Corporate charter amendments can include staggered board elections, which prevent an acquirer from replacing the entire board at once, aligning with LeederTech's strategy for continuity.

LeederTech Is Facing a Hostile Takeover