The period from 1977 through 1989 saw a wave of corporate mergers in the U.S. These mergers were characterized by
a. the use of junk bonds for financing buyouts.
b. the low debt-to-equity ratios of the resulting firms.
c. resulting firms that focused on "core competencies" rather than diversification.
d. a "buyers' market" in which acquiring firms could purchase the stock of takeover targets for less than market value.
e. All of the above.
a. the use of junk bonds for financing buyouts.
Economics
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Refer to Table 18.1. The opportunity cost of a hat in Russia is
A) 1/3 of a glove. B) 1/2 of a glove. C) 2 gloves. D) 3 gloves.
Economics
If a nation during its entire history has borrowed more from the rest of the world than it has lent to the rest of the world, the country is a
A) net borrower. B) debtor nation. C) net lender. D) creditor nation.
Economics