It appears that the gains reaped by target ﬁrms from tender offer takeovers are higher than the
gains realized from mergers.

Question

Quizplus · Accepted Answer

Studies have shown that target firms often realize higher gains from tender offer takeovers compared to mergers. Tender offer takeovers also tend to be quicker, require less negotiation, and offer more immediate liquidity for target firm shareholders.

It Appears That the Gains Reaped by Target ﬁRms from Tender