How does a corporate raider attempt to take control of a company and its assets?
A) Buying shares of stock on the open market
B) Joining the Board of Directors
C) Attend the annual shareholders' meeting to solicit support
D) Increase the value of shares on the market prompting a large sell off
E) Buying stock in competitor's companies
Answer: A
Explanation: A) A corporate raider, an investor conducting a type of hostile (unwanted) takeover, buys shares on the open market, attempting to seize control of the company and its assets. The raider then sells off those assets at a profit, resulting in the company's disappearance.
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