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In Borland - Ashton acquisition, Ashton has lower multiples than its comparable companies. Based on the acquisition performance, which one of the following is true?

In Borland-Ashton acquisition, Ashton has lower multiples than its comparable companies. Based on the acquisition performance, which one of the following is true?
Ashton is a high quality & undervalued firm, which represents a buying opportunity
Ashton is a high quality & overvalued firm, which represents a selling opportunity
Ashton might have intrinsic shortcomings that justify a lower multiple
None of the above
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