It's not a coincidence that mergers have occurred in eras of high prices. If, on balance, acquiring companies tend to do well, perhaps it's bec. they've overpaid, perhaps they had the courage to buy when everyone else had the courage to buy. It's no secret that mergers are quiescent when assets are cheap.Why?Because there's no courage to lend, or to borrow, no courage to imagine great things.
PLz help me with this text I have in my book. what's going on?I need to understand this story about mergers.
2006-11-21
08:08:12
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1 answers
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asked by
Sea Mist
3