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Companies making a joint tender bid have faced serious difficulties: if they sought antitrust approval, incorporation of the JV could be delayed and the opportunity might be gone by the time approval came, an alternative would be not to file, but this might breach the law. Damned if you do, damned if you don't.

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    Quiz

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    Who said: "Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma – which is living with the results of other people's thinking."?
    A Nelson Mandela
    B Mark Zuckerberg
    C James Cameron
    D Steve Jobs