Jarrell and Poulsen (1989)provide Explanations for the Negligible Wealth Effects

Jarrell and Poulsen (1989) provide explanations for the negligible wealth effects for acquiring-company shareholders.With regards to these explanations,which of the following statements is false?

A) The expected gains from a known strategy of growth through acquisition may already be reflected in the company's share price.
B) The positive effect of the information related to the financing of the takeover may be offset by the negative signal made by a share-exchange offer.
C) Since acquiring firms are much larger than targets,the gain is small relative to the acquiring company's total value.
D) None of the given options.