esco's failure in its efforts with direct foreign investment in southern California, Nevada, and Arizona can be attributed to at least two of the reasons outlined in Chapter 7 of the textbook (p. 109) re the failures of M & As. Although Tesco's investment in the United States was a direct foreign investment (not an M & A), some of the same reasons for failure are applicable to Tesco's efforts in the United States. Briefly discuss and apply your selected two reasons (from the list posted below) for Tesco's failure and discuss what happened. Overestimation of the target's value, primarily caused by an overestimation of the growth and/or market potential Overestimation of the expected operating, financial, and/or managerial synergies Overbidding and overpayment Failure to undertake a thorough due diligence of the target (a rush to judgement) Failure to successfully integrate the target after the merger or acquisition (lack of follow-through) What was the final outcome of this DFI for TESCO? What was the cost?