Question: What is the difference between Vertical and Horizontal Mergers ? What are synergies in a merger? Describe two common sources of synergistic gains. Explain how

What is the difference between Vertical and Horizontal Mergers? What are synergies in a merger? Describe two common sources of synergistic gains. Explain how a Tender Offer for a target firm is executed. What are the differences to the shareholders of both acquiring and target firm or both cash and stock-for-stock acquisition offers?

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