Which of the Following Statements Is Most CORRECT

Which of the following statements is most CORRECT?

A) A conglomerate merger is one where a firm combines with another firm in the same industry.
B) Regulations in the United States prohibit acquiring firms from using common stock to purchase another firm.
C) Defensive mergers are designed to make a company less vulnerable to a takeover.
D) Hostle mergers always create value for the acquiring firm.
E) In a tender offer, the target firm's management always remain after the merger is completed.