Company A makes a hostile take-over bid for control of Company B In response, Company B makes a counter-offer to purchase shares from Company A's shareholders. Which of the following best describes Company B's response?

A) Pac-man defence.
B) Selling the crown jewels.
C) Poison pill.
D) Hostile defence.

Pac-man Defence

A strategy used by a company facing a hostile takeover attempt, where it turns around to try to acquire the company that initially targeted it.

Counter-offer

A response to an original offer, modifying its terms in hopes of reaching an agreement that's more favorable to the responder.

Shares

Financial instruments that represent ownership in a company or financial asset, often entitling the shareholder to a portion of the profits.