Tom Copeland,Tim Keller,and Jack Morrin,on Their Book Valuation,Measuring and Managing

Multiple Choice

Tom Copeland,Tim Keller,and Jack Morrin,on their book Valuation,Measuring and Managing the Value of Companies,observed that acquirers paid too much for companies because of all but one of the following reasons:

A) market potential greater than estimated.
B) overoptimistic appraisal of market potential.
C) overestimation of synergies.
D) poor due diligence.
E) overbidding.