Take the following as truth: As for Liggett's motive, industry and financial analysts speculated that Liggett's CEO hoped to make the marginally profitable company a more attractive merger partner by eliminating its exposure to possibly huge jury awards.
Then the following statement: "Liggett took a rain check on the merger because its profits were up and exposure to jury awards was non-existent. " is true, false, or inconclusive?
Answer: False