An anti-takeover tactic called greenmail is
A) encouraged in Canada.
B) prohibited in Canada.
C) only allowed in Quebec.
D) borrowed from NAFTA.

Question

Quizplus · Accepted Answer

Greenmail is prohibited in Canada as a tactic to fend off hostile takeovers. This involves a company purchasing its own shares at a premium from a potential acquirer to prevent the takeover, a practice that Canadian regulations do not allow.

An Anti-Takeover Tactic Called Greenmail Is