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Which of the following is not true about termination fees in M&A? a. Bidder (reverse) termination fee is more common than target termination fee. b.

Which of the following is not true about termination fees in M&A?

a.

Bidder (reverse) termination fee is more common than target termination fee.

b.

The inclusion of Termination fees is to motivate interested bidders to participate.

c.

Termination fee is found to be associated with higher completion rates of the deals.

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