Question 11.S-tQ.8: Briefly describe four defences that could be used by a compa...
Briefly describe four defences that could be used by a company after its board has received a takeover bid.
Possible post-bid defences that you could have described include:
- formulation of a defence document;
- announcing forecasts of increased profits;
- announcing an increase in dividends;
- looking for a ‘white knight’;
- getting rid of the ‘crown jewels’.
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