Question 3 (4 points) Listen Which of the following conditions should be generally met for an acquisition to be regarded as tax-free acquisition? |- Shareholders of the target firm must receive an equity interest in the acquisition II- The acquisition should be for business purpose and not to avoid taxes III- The acquiring firm should offer cash payment for the equity of the target firm IV-Continuity of equity interest 1) I, II and Ill only 2) I, II and IV only 3) II, III and IV 4) All of the above Question 4 (4 points) Listen The firm defense tactic against hostile takeover that calls for arranging for the target firm to be acquired by a different friendly firm is called: 1) Golden parachute 2) Crown Jewel 3) White Knight 4) Counter-tender offer