In determining the initial offer price, the acquirer must decide how much of the anticipated synergy to share with the target firm's shareholders.

Name: In determining the initial offer price, the acquirer must decide how much of the anticipated synergy to share with the target firm's shareholders.
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The acquirer must decide how much of the anticipated synergy to share with the target firm's shareholders when determining the initial offer price.

In Determining the Initial Offer Price, the Acquirer Must Decide