An argument against using an acquisition by tender offer as opposed to a merger is that the target
ﬁrm's management and board of directors can be bypassed.

Name: An argument against using an acquisition by tender offer as opposed to a merger is that the target ﬁrm's management and board of directors can be bypassed.
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The Answer of An argument against using an acquisition by tender offer as opposed to a merger is that the target
ﬁrm's management and board of directors can be bypassed.

An Argument Against Using an Acquisition by Tender Offer as Opposed