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) Target firms, after being acquired and becoming internal units, often perform better than when they were independent, stand-alone firms.
C) The only identifiable losers are the shareholders of target (acquired) firms.
D) The outstanding success of M&As is due to pre- and post acquisition phases.