Assume the Shareholders of a Target Firm Benefit from Being

Assume the shareholders of a target firm benefit from being acquired in a stock transaction. Given this, these shareholders are most apt to realize the largest benefit if the:

A) acquiring firm has the better management team and replaces the target firm's managers.
B) management of the target firm is more efficient than the management of the acquiring firm which replaces them.
C) management of both the acquiring firm and the target firm are as equivalent as possible.
D) current management team of the target firm is kept in place even though the managers of the acquiring firm are more suited to manage the target firm's situation.
E) new management team is technologically knowledgeable but yet ineffective.