Question
Which of the following is the least accurate? a. Horizontal mergers are between firms in the same industry. b. In general, anti-takeover provisions, such as
Which of the following is the least accurate?
a. | Horizontal mergers are between firms in the same industry. | |
b. | In general, anti-takeover provisions, such as staggered boards, are considered as good corporate governance practices. | |
c. | When two companies are in the different stage of production process, the merger between the two is a vertical merger. | |
d. | A merger creates value when the value of the newly created company is higher than the sum of values of the individual companies. | |
e. | Firms can potentially achieve operating efficiency and investment efficiency through mergers and acquisitions. |
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