问题如下:
which of the following is not characteristic of M&A deals that create value?
选项:
A.The buyer is strong.
The number of bidders is high.
The transaction premiums are relatively low.
解释:
考点:Who Benefits From Merger
Acquirer stock returns are negatively related to the number of bidders. 所以bidders数量越少,return越高。
这道题为啥要站在acquirer的角度去理解呢?题干也没明确说明啊