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Question 3 (True or False): A toehold bid is an initial position taken in a target up to 10% of the targets outstanding shares. Anything

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Question 3 (True or False): A toehold bid is an initial position taken in a target up to 10% of the targets outstanding shares. Anything greater than 10% requires disclosure. (1 point) Question 4 (True or False): Horizontal mergers occurs when two companies operating at different levels within the same industry's supply chain combine their operations. (1 point)

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