Cooper Industries has a strong record of acquiring companies and integrating them in a way that creates significant value. The most important reason(s) that Cooper is successful when acquiring other companies is which of the following? (Check all that apply. Partial credit will be given.)

1)Cooper picks companies to acquire at a price that is below the target's value

2) Cooper transfers its expertise in metalwork, machining, and assembly to the acquired company

3)Cooper has a strong record of hiring new managers that bring innovation and new ideas to the acquired company

4)Cooper creates synergy and market power by integrating complementary businesses into the company