Asked by Ashleigh Petersen on Jun 30, 2024
Verified
What steps must a target corporation take once an aggressor has presented its offer to the target corporation's shareholders?
Target Corporation
A large retail corporation headquartered in the United States, known for offering a wide range of goods including clothing, electronics, and groceries.
Shareholders
Individuals or entities that own shares in a corporation, giving them ownership interests and possibly rights to dividends and voting in corporate matters.
- Comprehend the tactics and legal aspects associated with corporate acquisitions and their countermeasures.
Verified Answer
ZK
Zybrea KnightJul 03, 2024
Final Answer :
Once an aggressor has presented its offer to the target corporation's shareholders, the target corporation's board of directors must inform shareholders of all facts pertinent to shareholders' votes. After reviewing those material facts, the directors vote to accept or reject the offer, and advise shareholders accordingly.
Learning Objectives
- Comprehend the tactics and legal aspects associated with corporate acquisitions and their countermeasures.