Buyers Often Prefer "Friendly" Takeovers to Hostile Ones Because of All

question 30

Multiple Choice

Buyers often prefer "friendly" takeovers to hostile ones because of all of the following except for:

• A) Can often be consummated at a lower price
• B) Avoid an auction environment
• C) Facilitate post-merger integration
• D) A shareholder vote is seldom required
• E) The target firm's management recommends approval of the takeover to its shareholders

---

Definitions:

Mobile

Able to move or be moved freely or easily, often used to describe devices that are portable or not fixed in one place.

Delusional Thinking

A belief or thought that is firmly maintained despite being contradicted by what is generally accepted as reality or rational argument.

Perceptual Hallucinations

False sensory experiences without real external stimuli, such as hearing, seeing, feeling, tasting, or smelling things that aren’t present.

Panic Attacks

Panic attacks are sudden, intense surges of fear, panic, or anxiety accompanied by physical and psychological symptoms, such as rapid heartbeat and a sense of impending doom.