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Part $1$

The valid reasons why managers of bidding firms continue to engage in merger and acquisitions strategies include all of the following EXCEPT$\_\_\_\_\_\_\_\_\_\_.$

Question content area bottom

Part $1$

A$.$

the potential that mergers and acquisition strategies offer for generating profits for at least some bidding firms

B$.$

the belief held by managers in bidding firms that they can manage the assets of a target firm more efficiently

C$.$

mergers and acquisitions benefit managers$$ directly, independent of any value they might or might not create for stockholders

D$.$

bidding firms expect merger and acquisition strategies to generate at least competitive parity for bidding firms

E$.$

bidding firms engage in mergers and acquisition activities to ensure their survival