Perhaps the best circumstance that would lead to gains for the shareho

Perhaps the best circumstance that would lead to gains for the shareholders of both the bidder and the target in a takeover is when a well-managed firm takes over a poorly managed firm.

Thus, the greatest gains in those takeovers in which the bidder has a (i) Tobin’s q ratio (is well managed) and the target has a (ii) q ratio (is poorly managed). Evidence supports this argument.
(i) (ii)
a. high low
b. low high

ANSWER

A