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Acquirer shareholder returns may be explained by: Multiple Choice cost reductions from operational economies of scale. the over-confidence of acquirer managers in valuaing targets. agency

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Acquirer shareholder returns may be explained by: Multiple Choice cost reductions from operational economies of scale. the over-confidence of acquirer managers in valuaing targets. agency cost reductions because of the takeover financing method of financing. cost reductions from operational economies of scopo. The benefits that arise from tar losses in the target

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