A offers to B to sell him a parcel of land for $5,000, stating that the offer will remain open for thirty days. B replies, "I will pay $4,800 for the parcel," and on A's declining that, B writes, within the thirty day period, "I accept your offer to sell for $5,000." ?"I accept your offer to sell for $5,000," is:
A)?An acceptance

B)?A new offer.
C)?A counteroffer.
D)?A rejection.


B

Business

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What is the main reason that most mergers and acquisitions negatively effect shareholder value?

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