Question:Which of the following is not a poison pill in the context of mergers and acquisitions?
  A. Allowing holders of the target's equity shares to buy shares at a bargain price if an undesirable acquisition takes place.
  B. Arranging a counter-bid for the predator company.
  C. The entire management team of the target resigning when its shares are acquired by a predator.
  D. Allowing all existing holders of the target's shares except the acquirer to buy additional shares at a bargain price.
  The correct answer is: Arranging a counter-bid for the predator company. Although this is a tactic that the target company can use if there is a takeover bid, a poison pill is designed to make the target less attractive to the acquiror, by for example increasing the costs that the acquiror has to pay.