Multiple Choice
Which one of the following best defines synergy given the following? VA = Value of Firm A
VB = Value of Firm B
VAB = Value of merged Firm AB
A) (VA + VB) − VAB
B) VAB − (VA + VB)
C) Max[(VA + VB) − VAB, 0]
D) Max[VAB − (VA + VB, 0]
E) Max[VAB − VB, 0]
Correct Answer:

Verified
Correct Answer:
Verified
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