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Which Of The Following Actions Does Not Help Managers Defend Against A Hostile Takeover? A Establishing A


Which of the following actions does NOT help managers defend against a hostile takeover?

a. Establishing a

poison pill provision.

b. Granting lucrative golden parachutes to senior managers.

c. Establishing a super-majority provision in the company’s bylaws to raise the percentage of the board of directors that must approve an acquisition from 50% to 75%. d. Retiring long-term debt early to reduce total debt on the balance sheet which will increase the firm’s financial position.

e. Finding a white squire that will buy enough of the target firm’s shares to block the hostile takeover.