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.
B. The number of bidders is high.
C. 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。
我上课就有这个疑问 buyer is strong 和acquirer的价值提升有什么关系吗 。广义来说 他们不应该是相等的吗