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Series 79: M&A, Tender Offers & Restructuring
Series 79 practice questionmediumMerger Consideration

Why might a seller accept stock consideration instead of all cash?

  1. ATo eliminate SEC disclosure obligations
  2. BTo participate in future upside of the combined company✓ Correct answer
  3. CTo avoid any dilution
  4. DTo prevent shareholder voting requirements
Explanation

Why BTo participate in future upside of the combined company

To participate in future upside of the combined company Stock consideration lets sellers share in post-closing performance and can help bridge valuation gaps. It also shifts some market risk to the seller.

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