Selling Shareholders Who Are Offered Cash in a Merger May

Multiple Choice

Selling shareholders who are offered cash in a merger may be willing to part with the shares they hold because:

A) the offered shares may be less marketable.
B) a merger can create improved financing posture as a result of expansion in size.
C) they can attain a lower degree of market concentration as a result.
D) the price they are offered for their shares may be above book value or market value.