A Friendly Merger Is a ________

Multiple Choice

A friendly merger is a ________.

A) merger in which the acquirer gains control of the target firm by buying sufficient shared through private placement
B) merger in which the acquirer can attempt to gain control of the target firm by buying sufficient shares of the target firm in the marketplace.
C) merger transaction that is endorsed by the target firm's management, approved by its stockholders, and easily consummated
D) merger in which the target firm's management acts to deter rather than facilitate the acquisition