Which of the Following Is Most True About Synergy in the Context

Multiple Choice

Which of the following is most true about synergy in the context of M&A?

A) Synergy refers to the cash flows that can be generated only as a result of two businesses combining
B) Realizing synergy usually does not require investment
C) Most often anticipated synergy is realized immediately following closing
D) The value of synergy should not be reflected in the purchase price paid for a target firm
E) None of the above