22.10 Dubious Reasons for Mergers DIversification )Investors should not pay a premium for diversification since they can do it themselves Irwin/McGraw-Hill CThe McGraw-Hill Commpanies, Inc, 2001©The McGraw-Hill Companies, Inc.,2001 22- 10 Irwin/McGraw-Hill Dubious Reasons for Mergers Diversification ➔Investors should not pay a premium for diversification since they can do it themselves