Question 2 Mergers & Acquisitions 10 Marks a) Briefly describe 6 different tactics target managers can use to discourage an unwelcome acquisition offer. (Be clear as to why these can be effective) 6 marks b) Reactions to hostile takeovers can be value destroying for both the target and the acquirer. What are the greatest contributions to value destruction for i) the target ii) the acquirer? 4 marks