Which of the following questions is FALSE? O A. In a friendl y takeover, the target board of directors supports the merger, negotiates with potential acquirers, and agrees on a price that is shareholder vote. s utimataly put to a O B. Any acquirer shares received in full or partial exchange for target shares triggers an immediate tax liability for target shareholders. c. How the acquirer pays for the target affects the taxes of both the target shareholders and the combined frm. O D. If the acquirer purchases the target assets directly (rather than the target stock), then it can step up the book value of the targefe esets to the purchase pric Click to select your answer Previous