题目内容

Which of the following are common takeover tactics?

A. Bear hugs
B. Open market purchases
C. Tender offers
D. Litigation
E. All of the above

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All of the following are true of tender offers except for

A. Tender offers consist only of offers of cash for target stock
B. Are generally considered an expensive takeover tactic
C. Are extended for a specific period of time
D. Are sometimes over subscribed
E. Must be filed with the SEC

Purchasing the target firm's stock in the open market is a commonly used tactic to achieve all of the following except for

Acquiring a controlling interest in the target firm without making such actions public knowledge.
B. Lowering the average cost of acquiring the target firm's shares
C. Recovering the cost of an unsuccessful takeover attempt
D. Obtaining additional voting rights in the target firm
E. Strengthening the effectiveness of proxy contests

All of the following are true of a proxy contest except for

Are usually successful
B. Are sometimes designed to replace members of the board
C. Are sometimes designed to have certain takeover defenses removed
D. May enable effective control of a firm without owning 51% of the voting stock
E. Are often costly

Which of the following factors often affects hostile takeover bids?

A. The takeover premium
B. The composition of the board of the target firm
C. The composition of the ownership of the target's stock
D. The target's bylaws
E. All of the above

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