PheelGood Pharmaceuticals is in danger of being taken over in a hostil

QUESTION

PheelGood Pharmaceuticals is in danger of being taken over in a hostile takeover. Company managers are looking for a way to stop this from happening, so they are looking for a white knight. What are the managers hoping to find?

A) a corporate raider
B) a proxy to cast votes
C) a more acceptable buyer
D) a leveraged buyout
E) an employee buyout

ANSWER

Answer: C
Explanation: C) Managers are hoping to find a white knight—a more acceptable buyer for the company.