What is a bear hug and what is the advantage of using this strategy?
A. A "bear hug" refers to a Hostile Bid with a tender offer of a very high initial bid.
B. This strategy deters competitors and target's share holder may put pressures to the target's directors to accept the offer.
C. Accordingly, the very high bid strategy raises the probability of winning the contest.
D. All of the above.
E. A, and C above.
