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Which one of the following statements is not correct? A. Acquisition announcement with companies having professional ties among board members results more favorable acquirers' stock

Which one of the following statements is not correct?

A. Acquisition announcement with companies having professional ties among board members results more favorable acquirers' stock market response compared to deals without professional ties.

B. Acquisition announcement with companies having professional ties among board members results favorable stock market response to target companies.

C. Acquisition announcement with companies having social ties among board members results non-favorable stock market response to acquirer companies.

D. None of the other given alternatives.

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