Why do you think shareholders from target companies enjoy an average gain when acquired, while acquiring shareholders on average often do not gain anything? (Select all of the choices that apply.) A. The acquiring firm has to compete against other firms, thus reducing the gains it can obtain from the transaction. B. The acquiring firm must keep the offering price low enough to avoid arousing the suspicion of the board of directors of the target company. C. Target shareholders benefit from this competition, as they obtain higher bids for the company. OD. In some cases the acquiring firm may present an initial offering price that is high enough to forestall a bidding war, effectively handing the gain from the offer to the shareholders of the target company