Which of the following is NOT a motive for stockholders of the acquired company to sell?

A. The opportunity to diversify

B. Gaining a tax advantage

C. An attractive price

D. Avoiding bias against smaller businesses

Which of the following type of merger goes against the antitrust policy?

A. A horizontal merger

B. A vertical merger

C. A cash purchase

D. A stock-for-stock exchange

Which of the following is NOT a method of avoiding a takeover?

A. Increasing the firm's cash level

B. Moving corporate offices to advantageous states

C. Staggering the election of boards of directors

D. Buying back shares