Lancelock Inc. buys a less accomplished firm by directly signing a deal with the target firm's shareholders. The move is vehemently opposed by the board of directors and the top management of the target firm. This is an example of a _____.

A. creeping acquisition
B. hostile takeover
C. bootstrap acquisition
D. lobster trap


Answer: B

Business

You might also like to view...

Dividends in arrears are forfeited when a corporation calls in its preferred stock

Indicate whether the statement is true or false

Business

Researchers have shown a positive correlation between employee engagement and ______ organizations.

a. profitable b. ethical c. ecologically sound d. smaller, close-knit

Business

Answer the following statements true (T) or false (F)

Flexibility is an approach to the uniformity problem.

Business

Cultures with a long-term orientation value:

A. value saving B. thrift C. All options are correct D. future goals E. individual achievement

Business