
Which one of these statements is false?
A) Acquisitions are sometimes unfriendly.
B) Shareholders of the target firm must vote to approve an acquisition by stock.
C) The cost of a stock acquisition can be higher than the cost of a merger if the target firm's management resists.
D) The complete absorption of one firm by another requires a merger.
E) In stock acquisitions the bidding firm deals directly with the target firm's shareholders.
Correct Answer:
Verified
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