{'index': 5, 'text': '"Superior Proposal" means a bona fide written proposal made by a Person other than a party hereto that is (a) for a Takeover Proposal (except that references in the definition of "Takeover Proposal" to "15%" shall be "less than 50%") and (b) is on terms which the Board of Directors of the Company in good faith concludes (following receipt of the advice of its financial advisors and outside counsel), taking into account, among other things, the likelihood of consummation and all legal, financial, regulatory and other aspects of the proposal and the Person making the proposal and of the transactions contemplated by this Agreement and the parties to this Agreement, (i) would, if consummated, result in a transaction that is more favorable to the Company\'s stockholders (in their capacities as stockholders), taking into account, among other things, the likelihood of consummation and all legal, financial, regulatory and other aspects of the proposal and this Agreement and the Person making the proposal and Parent, than the transactions contemplated by this Agreement and (ii) is reasonably capable of being completed by March 31, 2002.'}
Instruction: Read the segment of a merger agreement and answer the multiple-choice question by choosing the option that best characterizes the agreement.
Question: What qualifies as a superior offer in terms of stock deals?
Option A: "All or substantially all"
Option B: 50%
Option C: Greater than 50% but not "all or substantially all"
Option D: Less than 50%

Merger Agreement: 5.4 No Solicitation by the Company; Other Offers. <omitted> the Company shall not be entitled to: (i) make a Change in Company Board Recommendation <omitted> unless: <omitted> the Company shall have first provided prior <omitted> notice to Parent that it is prepared to <omitted> make a Change in Company Board Recommendation (a “Recommendation Change Notice”) <omitted> Any material changes with respect to the Intervening Event <omitted> or material changes to the financial terms of such Superior Proposal <omitted> shall require the Company to provide to Parent a new Recommendation Change Notice <omitted> and a new three (3) Business Day period. (Pages 45-46)
Answer: C

Merger Agreement: {{text}}
Answer:
Instruction: Read the segment of a merger agreement and answer the multiple-choice question by choosing the option that best characterizes the agreement.
Question: What qualifies as a superior offer in terms of stock deals?
Option A: "All or substantially all"
Option B: 50%
Option C: Greater than 50% but not "all or substantially all"
Option D: Less than 50%
Merger Agreement: "Superior Proposal" means a bona fide written proposal made by a Person other than a party hereto that is (a) for a Takeover Proposal (except that references in the definition of "Takeover Proposal" to "15%" shall be "less than 50%") and (b) is on terms which the Board of Directors of the Company in good faith concludes (following receipt of the advice of its financial advisors and outside counsel), taking into account, among other things, the likelihood of consummation and all legal, financial, regulatory and other aspects of the proposal and the Person making the proposal and of the transactions contemplated by this Agreement and the parties to this Agreement, (i) would, if consummated, result in a transaction that is more favorable to the Company's stockholders (in their capacities as stockholders), taking into account, among other things, the likelihood of consummation and all legal, financial, regulatory and other aspects of the proposal and this Agreement and the Person making the proposal and Parent, than the transactions contemplated by this Agreement and (ii) is reasonably capable of being completed by March 31, 2002.
Answer: