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Krazil Krazil
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9 months ago
Which of the following correctly describes the difference between a hostile and a friendly takeover?


▸

The transfers of cash and stocks go through the company in a friendly takeover, whereas the transfers go through an independent financial institution in a hostile takeover.



▸

In a hostile takeover, only majority shareholders are approached by the acquiring firm’s management, whereas in a friendly takeover, all shareholders are approached simultaneously.



▸

The difference between a hostile and a friendly takeover is that the target’s board would resist the merger in the former but recommend agreement in the latter.



▸

The target’s management has more bargaining power in a hostile takeover than in a friendly takeover.

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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Hlh13Hlh13
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Krazil Author
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