64 “One anti-takeover charter amendment is a provision requiring a supermajority vote – say 80 percent of thecommon shares instead of the usual bare majority rule – in order to effect a merger or sale of all assets.”Which of the following cannot be derived from the above description?
(A) The purpose of supermajority vote is to make a takeover somewhat harder and riskier.
(B) Supermajority vote would not absolutely block a takeover attempt, especially by a bidder willing to buyall the target stock.
(C) The anti-takeover tactic of supermajority vote requires a charter amendment.
(D) The anti-takeover tactic of supermajority vote shall be approved by the board of directors.