Major Corporation wants to acquire control of Forte Company. What are some legal steps Forte can take to resist a hostile takeover?
What will be an ideal response?
Target companies have a variety of options available to them to assist them in resisting a hostile takeover.The target company can lock up the assets of the company by selling off the assets that the shark most wants.If the bidder is simply after a quick profit, the management of the target company can engage in "greenmail" and offer to buy back its own stock from the bidder for, say, 30 percent more than what the bidder paid.Use a poison pill as a provision attached to the acquiring and/or transfer of stock that makes the stock much more expensive or at least less desirable to obtain. Often a company will have its charter changed so that the bidder would have to offer one of its own company shares for every share purchased from the target company's shareholders.The use of staggered board of directors is allowed, and the result of this is that it could take several years for the acquiring company to gain total control of the board.The company could require supermajority voting before a transfer could take place, and/or the company could elect to sell the company to someone else before the bidding company can complete its buyout.Some companies have amended their bylaws to provide that anyone who receives payment from an activist is disqualified from serving as a director.Some companies have blank check preferred stock in their charters. When this stock is authorized, its rights and other characteristics are left blank, to be filled in by the board of directors upon issuance. It is like an unloaded gun that can be armed by the board whenever a shark threatens.
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Sales & Marketing Management's annual Survey of Buying Power provides data to help you analyze each of your U.S. markets, whether they are cities, counties, metro areas, or states
What of the following information is also true of the Survey of Buying Power? A) It features statistics, rankings, and projections for every county and media market in the United States with demographic broken out by age, race, city, county, and state. B) It features information on retail spending; and projections for future growth in these areas. C) It features a unique measure of spending power that takes population, EBI, and retail sales into account to determine a market's ability to buy. D) All of the above are true.
The Z-Top Shoe Company asked their Learning and Development Manager, Ishya, to evaluate Z-Top’s Product Knowledge program. Ishya and her team produced a SOW that was signed by the Learning and Development Director and included input from many other stakeholders. During the period when Ishya’s team developed their evaluation proposal, three key stakeholders including the department director left the company and were replaced by a new director who had not worked for Z-Top before. Ishya asked her new director, Ron, for an appointment so her team could present their evaluation proposal. Ishya explained that her team was preparing to investigate three important dimensions of the program in order to identify areas to improve, if any. “Where did these dimensions come from? Who decides
what’s important?” Ron wanted to know. Ishya promised to explain during her presentation. Which section of the team’s proposal should they be sure to emphasize when presenting to Ron? a. organization b. program and stakeholders c. evaluation methodology d. feasibility and risk assessments
Many charities rely in large part on ________ benefits to promote their causes, such as the feeling of helping those in need
Fill in the blank(s) with correct word
Market segmentation refers to
A. marketing a product so that each and every consumer can get value from it. B. dividing a larger market into smaller groups based on meaningfully shared characteristics. C. taking an overall marketing plan and dividing it into smaller campaigns based on each product. D. having regional sales forces that can market a product according to geographic area. E. redesigning or repositioning a product so it meets the needs of a target market.