Question

Which one of the following statements is TRUE? a. A shareholder-friendly charter will make it harder for a company to be acquired. b. A targeted share repurchase can be used to encourage a hostile takeover. c. A targeted share repurchase is when the company purchases stock from one shareholder at a higher price than it offers to other shareholders. d. An example of asset switching is an option to exchange one piece of real estate for another. e. Anti-takeover charter provisions are good for shareholders because they prevent a raider from stealing the company for a below-market price.

Answer 1

Answer:

The answer is C.) A targeted share repurchase is when the company purchases stock from one of the shareholder at a higher price than it offers to other shareholders.

Explanation:

This indicates that shareholders will benefit when the company is acquired because they usually receive a higher price for their shares.

A corporate body consist of a group of persons or board of directors that are chosen to govern the affairs of a corporation or other large institution.