NO.PZ2017111901000008
问题如下：
Which of the following statements regarding corporate shareholders is most accurate?
选项：
A.Cross-shareholdings help promote corporate mergers.
B.Dual-class structures are used to align economic ownership with control.
C.Affiliated shareholders can protect a company against hostile takeover bids.
解释：
C is correct.
A 选项：交叉持股有利于公司合并。不对，交叉持股的两公司股东可以互相 support，可以抵御并购 "act as takeover defenses"，所以不是 promote
B 选项：说反了。Dual-class 是将 Voting rights (Control rights) 和Economic ownership 分开的，所以不是 align
C 选项：关联股东可以防止敌意收购，如果关联股东持股较多比如超过1/3，然后决议又要至少通过 2/3 股东同意，那关联股东就可以起到重要作用
可以解释下A吗？CROSS shareholding，我记得上课老师说cross shareholding 交叉持股不好，还打了个叉子。
另外可以解释下PPT 216页
The presence of activist shareholders can change the composition of a company.
主动的股东会改变公司的构成？什么意思？为什么呢？谢谢
