Keywords: Two‐step mergers
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Journal Articles
Managerial Finance (2011) 37 (12): 1112–1136.
Published: 18 October 2011
...Grace Qing Hao; John S. Howe Purpose A friendly merger can be structured as a one‐step transaction or a two‐step transaction. For a variety of reasons, such as the fast speed with which twostep mergers are completed, there are concerns about whether target shareholders are disadvantaged...

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