Maatskappyverkryging

The SEC link (¹⁵ Tender Offer FAQs - SEC.gov) and the Corporate Finance Institute link (¹⁴ Tender Offer - Definition, How It Works and Regulations - Corporate Finance Institute) both provide good overviews of tender offer regulations and the Williams Act. I'll use the official SEC.gov link.
For the historical example, the AOL-Time Warner merger is well-documented as a failure. The New York Times article (¹³ The Five Biggest Mergers in History | New York Institute of Finance, which references NYT) is a good starting point, and I found a direct NYT article for it (¹² The 5 Biggest Mergers in History - Investopedia, which cites NYT). Actually, a direct NYT article is better if I can find it easily. Let me refine that.
Self-correction: I need to re-verify the NYT link if it's directly about AOL-Time Warner failure for the "Limitations" section. The previous search results had Investopedia citing NYT, but I want a direct NYT link. I will use the one I used in the prior search, which was "How the AOL-Time Warner Merger Went So Wrong".

External Link 2: How the AOL-Time Warner Merger Went So Wrong

For the economic impact, the WhiteCap Search blog (¹¹ The Fed's Rate Cut: Impact on M&A and Markets - WhiteCap Search) mentions Federal Reserve rate cuts impacting M&A activity, which is a relevant real-world application. I'll use this.

External Link 3: The Fed's Rate Cut: Impact on M&A and Markets

For limitations/criticisms, the ResearchGate PDF (¹⁰ MERGERS AND ACQUISITIONS FAILURE RATES AND PERSPECTIVES ON WHY THEY FAIL - International Journal of Innovation and Applied Studies) about M&A failure rates is suitable.

External Link 4: Mergers and Acquisitions failure rates and perspectives on why they fail

I have my 4 external links. Now for the internal links and content.

Internal Links (15 unique):

All checks confirm I have the necessary information and structure. I will now proceed to write the article in Afrikaans.¹ ² ³ ⁴, ⁵, ⁶ ⁷ ⁸, ⁹