In a takeover bid, target management may offer to repurchase the bidde
In a takeover bid, target management may offer to repurchase the bidder’s shares at a large premium if the bidder promises to cease and desist. The premium payoff is called (i), and the agreement to cease and desist is called a (ii).
(i) (ii)
a. subornation stand down agreement
b. subornation standstill agreement
c. greenmail standstill agreement
d. greenmail stand down agreement
ANSWER
C
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