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The maximum purchase price is the minimum price plus the present value of sources of value.

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Minimum purchase price or initial offer price for a target is the target’s standalone value or market value.

Cost savings are likely to be greatest when firms with dissimilar operations are consolidated.

Non-compliance with environmental laws, product liabilities, pending lawsuits, poor product quality, patents, poorly written or missing customer contracts, and high employee turnover are all considered destroyers of value.

A target firm's high employee turnover is often considered a destroyer of value.

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