Which of the following best describes corporate raiders? (A) Accountants who audit public companies (B) Company managers who misuse company funds (C) Firms specialising in takeovers of undervalued companies (D) Investigators working for the Australian Securities Exchange - HSC - SSCE Business Studies - Question 8 - 2011 - Paper 1

Corporate raiders are typically recognized as firms that specialize in the takeover of undervalued companies. They actively seek out companies that are underperforming or not reaching their potential and attempt to acquire them, often through aggressive means. This practice is geared towards restructuring the company for profit. Therefore, the most accurate description of corporate raiders from the given options is:

(C) Firms specialising in takeovers of undervalued companies.