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14. Which of the following statements is NOT correct? a. A successful merger needs the approvals from shareholder of both acquiring and target firms. b.

14. Which of the following statements is NOT correct? a. A successful merger needs the approvals from shareholder of both acquiring and target firms. b. Stock acquisition does not require approval from shareholders. c. Target firms management and board are bypassed in a tender offer. d. The target firm can still exist after the acquisition of assets. e. None of the above choices

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