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Which one of the following is a characteristic of an acquisition by stock? Multiple Choice The target firm's management can be bypassed by the use
Which one of the following is a characteristic of an acquisition by stock?
Multiple Choice
The target firm's management can be bypassed by the use of a tender offer.
The acquisition cost is normally lower than that of a merger.
Complete absorption of one firm occurs in an acquisition.
Shareholders must vote and approve an acquisition.
Minority shareholders are ignored in the acquisition process.
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