According to the Textbook,the Lackadaisical Profit Performance Surrounding a Merger

According to the textbook,the lackadaisical profit performance surrounding a merger may be explained by the:

A) tax inefficiencies due to a merger.
B) lenders cutting off credit lines due to the merger.
C) accounting irregularities when reporting earnings of the combined entity.
D) managerial hubris and sizeable merger premium that acquirers have to pay to shareholders of the acquired firms.
E) All of the options are correct.