CFA Practice Question
Which anti-takeover device focuses on bondholders?
B. Poison put.
C. Restricted Voting Rights.
A. Flip-over pill.
B. Poison put.
C. Restricted Voting Rights.
Correct Answer: B
In a poison put, bondholders get rights to sell the bonds back to the company, when there is a change of control as a result of a takeover.
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