Which of the following is correct concerning antitakeover efforts?
A. Most states have passed laws to deter hostile takeovers, but these statutes have not totally eliminated hostile takeovers.
B. Federal statutes have been more effective than state statutes in eliminating hostile corporate takeovers.
C. The most effective federal statute has been the Poison Pill Act.
D. The Williams Act has been the most effective legislation in regulating the actions of the target company.
Answer: A
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