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Elaine, a college professor, needs to select a textbook for an upcoming course. Her time is limited so she plans to review a few books from the many choices and pick an acceptable textbook even though she may not even be reviewing the best book available. What is this strategy called?
Tender Offer
A tender offer is a proposal made publicly by an investor or company to purchase some or all of shareholders' shares in a corporation at a specified price.
Consolidation
The process of combining multiple companies or financial statements, often to present a unified set of financials or to merge businesses.
Spinoff
A corporate action where a company creates a new independent company by selling or distributing new shares of its existing business.
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