Asked by bryan chavez on Jul 20, 2024

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Eat M Up is considering a hostile takeover of the Everyday Company. To prevent such an event, the Everyday Company scrambles to get the Good Guys Network to buy them. The Good Guys Network is referred to as the:

A) Shark repellant.
B) White Knight.
C) Crown jewel.
D) Golden parachute.
E) Silver lining.

White Knight

A corporation or individual that acquires a corporation on the verge of being taken over by forces deemed undesirable by the company's board or management.

Hostile Takeover

An acquisition attempt by a company or investor to acquire another company against the wishes of the target company's management and board of directors.

  • Comprehend the measures and techniques organizations utilize to shield themselves from unwelcome takeover efforts.
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BM
Bailie MartinJul 26, 2024
Final Answer :
B
Explanation :
The Good Guys Network is referred to as the "White Knight" because it is a friendly company that comes to the rescue of a company facing a hostile takeover, like the Everyday Company in this scenario.