Which of the following statements about mergers and acquisitions activity is correct? A large, recent study cited in the chapter noted that the majority of mergers destroyed value. "Hubris hypothesis" happens when the winner of a bidding war overpays for the prize. "Winners curse" pertains to overconfident executives in acquisitions. All of the options are correct Question 10 Regarding overconfident executives, which of the following is a correct statement? all of the options are correct They pursue acquisition targets although the financial press reaction is negative. They tend to wait too long to exercise their executive stock options. They tend to be more actively engaged in the merger/acquisition process