Which of the following is not a characteristic of the merger wave that started in about 1981 and ended in 1989?

A) Mergers financed by the junk bonds
B) Congeneric mergers
C) Corporate raiders
D) Hostile takeovers

Junk Bonds

Risky bonds issued by financially weak companies that pay high rates of interest. Also called high yield bonds.

Corporate Raiders

Investors who buy a large stake in a corporation with the goal to gain control and make changes to increase its value and their profit.

Hostile Takeovers

Hostile takeovers occur when a company acquires another company against the wishes of the target company's management and board of directors.