Which of the following actions does not help managers
Which of the following actions does not help managers defend against a hostile takeover?
|[removed]||Establishing a poison pill provision.|
|[removed]||Granting lucrative golden parachutes to senior managers.|
|[removed]||Establishing a super-majority provision in the company’s bylaws to raise the percentage of the board of directors that must approve an acquisition from 50% to 75%.|
|[removed]||Retiring long-term debt early to reduce total debt on the balance sheet which will increase the firm’s financial position.|
|[removed]||Finding a “white squire” that will buy enough of the target firm’s shares to block the hostile takeover.|
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