Asked by Griffin Skubish on Jul 19, 2024
Verified
The stock of a target company is considered "in play" when:
A) an acquiring company begins working on a takeover plan.
B) an acquiring company makes a tender offer.
C) it becomes known that a company is an acquisition target.
D) a tender offer is endorsed by the target's management.
E) the acquiring company announces that it wants the target company.
Tender Offer
A public and open offer, often by a company, to purchase a significant portion of its own shares or those of another company at a specified price, which is usually at a premium to the market price.
In Play
A company is in play when it is the object of an acquisition attempt.
Acquisition Target
A company or business that is considered a potential candidate for purchase by another company.
- Identify defensive strategies used by firms against hostile takeovers.
Verified Answer
Learning Objectives
- Identify defensive strategies used by firms against hostile takeovers.
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