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Question: FirstStep LLC has had some key managers and executives leave the firm in the last year and because of a historically low stock price, FirstStep has now become a target for acquisition by other firms. FirstStep can do all of the following to battle potential takeover attempts except which one?

a- Have shareholders engage in a proxy contest in an attempt to change the membership of the board of directors.

b- Provide executives with additional compensation in the event that another company takes control of Alpha.

c- Award special rights to shareholders and executives in the case of a takeover attempt.

d- Require shareholder approval before an acquisition can take place.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92813695

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