A firm may be able to acquire certain desirable assets at a lower cost by combining with
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A firm may be able to acquire certain desirable assets at a lower cost by combining with another firm than it could if it purchased the assets directly. In this context, when the market value of a company’s common stock is below its book value (or, more important, below the replacement value of the firm’s net assets), this company is frequently considered a takeover candidate. LO1
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