The empirical evidence strongly indicates that, while target firm shareholders achieve large wealth gains in the event of a takeover bid, acquiring firm shareholders gain little, if anything. Although there exists no definitive answer as to why this is the case, several possible explanations have been proposed. List and explain three such explanations.

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The Answer of The empirical evidence strongly indicates that, while target firm shareholders achieve large wealth gains in the event of a takeover bid, acquiring firm shareholders gain little, if anything. Although there exists no definitive answer as to why this is the case, several possible explanations have been proposed. List and explain three such explanations.

The Empirical Evidence Strongly Indicates That, While Target Firm Shareholders