Stockholders may not benefi t from a merger that is done only to achieve diversifi cation or

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Stockholders may not benefi t from a merger that is done only to achieve diversifi cation or earnings growth. And the reduction in risk from a merger may actually help bondholders and hurt stockholders. LO.1

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Corporate Finance

ISBN: 9780073105901

8th Edition

Authors: Jeffrey Jaffe, Bradford D Jordan

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