Which of the Following Is TRUE Regarding M&As

Multiple Choice

Which of the following is TRUE regarding M&As?

A) As many as 70 percent of M&As reportedly fail.
B) On average, the acquiring firms' performance improves after acquisitions.
C) The outstanding success of M&As is due to pre- and postacquisition phases.
D) The only identifiable losers are the shareholders of target (acquired) firms.