Many of the mergers that occurred in the late 1970s occurred because of the relatively low values that the market accorded to many firms that were considered to be of high quality.

Question

Quizplus · Accepted Answer

This statement is true. The low values of high-quality firms in the late 1970s made them attractive targets for mergers and acquisitions, leading to a wave of consolidation in various industries.

Many of the Mergers That Occurred in the Late 1970s