Preferred stocks, convertibles, warrants, exercised, Warrants, common stocks, convertibles, converted, 4. ATC Corporation is an engineering firm established 30 years ago. It decides to merge with TL, a startup firm that is specialized in mobile technologies. Knowing that TL is expected to have high growth in the future, what is the main motive for this merger? Achieving economies of scale Eliminating inefficiencies O O OOO O Using surplus funds Achieving economies of vertical integration Having an industry consolidation 5. The following are methods available to change the management of a firm 1) a successful proxy contest in which a group of shareholders vote in a new board of directors who then pick a new management team. II) a takeover of one firm by another firm. R H