Multiple Choice
In some studies,it has been found that a target company's shareholders have gained even where a takeover bid has been unsuccessful.A likely reason for this is that:
A) the bid prompted a change in the target company's investment strategy.
B) the market may expect another bid for the target company.
C) gains to target shareholders result from the market's reassessment of previously undervalued shares.
D) the bid prompted a change in the target company's investment strategy and that the market may expect another bid for the target company.
Correct Answer:
Verified
Correct Answer:
Verified
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