5 The following are all reasons that the shareholders in the acquiring firm may not realize any significant gains from an acquisition except: Multiple Choice points 8 02:06:41 The price paid for the target firm might equal the target firm's total value to the acquirer. Anticipated merger gains may not be fully achieved. Any synergy produced was paid to the target firm's shareholders. Target firm shares were exchanged for an equal value of acquiring firm shares. Management may have priorities other than the interests of the stockholders