Operational, functional, strategic, and cultural differences between bidding and target firms can all be compounded by the merger and acquisition process especially if that process was unfriendly.

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Operational, functional, strategic, and cultural differences between bidding and target firms can become even more pronounced and challenging during the merger and acquisition process, particularly if the M&A process is hostile or unfriendly.

Operational, Functional, Strategic, and Cultural Differences Between Bidding and Target