What characteristics surrounding a merger would lead you to conclude that it is motivated by value-maximizing managers

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What characteristics surrounding a merger would lead you to conclude that it is motivated by value-maximizing managers rather than non-value-maximizing managers? What actions could directors or stockholders take to prevent non-value-maximizing mergers?
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Introduction to Corporate Finance

ISBN: 978-0324657937

2nd edition

Authors: Scott B. Smart, William L Megginson

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