- CFA Exams
- CFA Level I Exam
- Study Session 8. Corporate Finance (2)
- Reading 23. Mergers and Acquisitions
- Subject 4. Transaction characteristics
CFA Practice Question
Which process happens first in a friendly merger?
B. Both parties conduct the due diligence process.
C. A proxy statement is given to shareholders.
D. A tender offer is submitted.
A. The definitive merger agreement is signed.
B. Both parties conduct the due diligence process.
C. A proxy statement is given to shareholders.
D. A tender offer is submitted.
Correct Answer: B
User Contributed Comments 1
| User | Comment |
|---|---|
| shettyp | Correct Order:B,A,C,D. |