Carefully explain 'greenmail' as an anti-takeover tactic.
What will be an ideal response?
Greenmail is an effort by the target firm to prevent an impending takeover. When a hostile firm buys a large block of outstanding target company stock and the target firm's management feels that a tender offer is imminent, they offer to buy the stock back from the hostile company at a higher price than the unfriendly company paid for it. The positive effect is that this often prevents a hostile takeover. On the downside, the same price is not offered to pre-existing shareholders. Greenmail is illegal in Canada because it deprives shareholders of the right to choose whether or not to tender their shares to the bid. There is also something morally suspect when the senior managers and the directors of a public company use the existing shareholders' money to buy out a potential acquirer in order to protect their own jobs.
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Suppose you are the chair of the business department at your college or university. In addition to your academic duties, you must manage your department. Discuss some ways you might meet the challenges of managing information technology for students and faculty.
What will be an ideal response?
________ has the highest cost per contact with each customer
A) Direct marketing B) Advertising C) Mass marketing D) Personal selling E) Public relations
In a cost of production report using process costing, transferred-in costs are similar to the
a. cost of material added at the beginning of production. b. conversion cost added during the period. c. cost transferred out to the next department. d. cost included in beginning inventory.
“Tell–show–do” is the best sequence for a speaker when ______.
A. summarizing B. giving instructions C. telling a story D. persuading