Multiple Choice
As is the case with most mergers what happened to target firm Gillette's stock and acquiring form P&G's stock on the day their merger was announced?
A) Both stocks rose
B) Both stocks dropped
C) Gillette's stock rose and P&G's stock fell
D) P&G's stock rose and Gillette's stock fell
E) P&G's stock fell and Gillette's stock split
Correct Answer:
Verified
Correct Answer:
Verified
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