1. Egos can get in the way
  2. Reluctance to accept which will become ???number two???
  3. The bid is deemed hostile leading to aggressive defense
  4. Inadequate consultation with shareholders who then intervene
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1 Answers

Answer: Option 3

Many merger discussions breakdown or are abandoned. The bid is deemed hostile leading to aggressive defense is not a reason. A merger refers to an agreement. It is a mutually binding contract in which two companies join together to form one company.

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