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Are the following statements true or false? Justify your answer.

1. The Anheuser-Inbev takeover was not risky at all, since the Inbev managers had plenty of experience with takeovers (40 marks)

2. Mergers inspired by vertical integration motives are very rare nowadays, as transaction costs have decreased substantially since the second merger

wave. (30 marks)

c. It is always advisable for a company to diversify its activities, in order to limit the risk of being too exposed to one activity (30 marks)