1 pts D Question 25 Which of the following statements about mergers and acquisitions M&A is true?! The method of financing a merger does not influence the market reaction to the merger announcement. At the time of a merger announcement, the abnormal returns of the target firm tend to be higher than the abnormal returns of the acquiring firm. On average, in stock offers used to purchase public targets, acquiring firm investors react positively. In a tender offer, an acquirer makes an offer to purchase shares directly from the target managers. 1 pts Question 26 MacBook Air