All of the following statements are true except
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

Poison pill strategies do not necessarily require approval from stockholders before a corporation can use them. However, they may need to comply with certain legal and regulatory requirements. Therefore, all statements are true except for C.

All of the Following Statements Are True Except