Empirical evidence indicates that the returns to shareholders of the target firm vary significantly from the returns to the shareholders of the acquiring firm.Identify the shareholders that tend to realize the smaller return.Does your answer depend on the way the acquisition is financed?

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The Answer of Empirical evidence indicates that the returns to shareholders of the target firm vary significantly from the returns to the shareholders of the acquiring firm.Identify the shareholders that tend to realize the smaller return.Does your answer depend on the way the acquisition is financed?

Empirical Evidence Indicates That the Returns to Shareholders of the Target