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alice006 · 2018年03月16日

问一道题:NO.PZ201601200500004504 第4小题 [ CFA II ]

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问题如下图:

    

选项:

A.

B.

C.

解释:


what does B mean?


1 个答案

maggie_品职助教 · 2018年03月16日

Pac-Man® Defense:

The target can defend itself by making a counteroffer to acquire the hostile bidder. This technique is rarely used because, in most cases, it means that a smaller company (the target) is making a bid for a larger entity. Additionally, once a target uses a Pac-Man® defense, it forgoes the ability to use a number of other defensive strategies. For instance, after making a counteroffer, a target cannot very well take the acquirer to court claiming an antitrust violation.