Which of the Following Is True Regarding M&As

Short Answer

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