The more visible costs of a merger,such as professional fees,are classified as:

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Merger transaction costs refer to the direct expenses incurred during a merger or acquisition, including professional fees, legal expenses, and other costs directly related to the transaction. Sunk costs are unrecoverable expenses incurred in the past and are not directly related to the merger. Conversion costs refer to the expenses incurred to integrate and consolidate the two companies after the merger, while merger direct costs are not commonly used terms.

The More Visible Costs of a Merger,such as Professional Fees,are