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Bidding companies often pay too much for the acquired firm. Thehubrishypothesis explains this by suggesting that the bidders have too little information to make an

Bidding companies often pay too much for the acquired firm. Thehubrishypothesis explains this by suggesting that the bidders

have too little information to make an optimal decision. have big egos and this impedes rational decision-making. have difficulty in thinking strategically over the long-term. are overly influenced by the tax consequences of an acquisition

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