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Are the concepts of adverse selection and moral hazard important for our understanding of takeover processes, and the success or failure of takeovers?

Requirements:
Topic: Are the concepts of adverse selection and moral hazard important for our understanding of takeover processes, and the success or failure of takeovers? Please use examples to illustrate

Material from lectures 2, 5-6, 7-8, particularly helpful
The material covered in tutorials 2,3 also relevant to the title.
Read Douma & Schreuder