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