Identify which statement isnotcorrect in relation to M&As. When evaluating mergers:

Select one:

a.It is advisable to use more than one valuation technique to evaluate a proposed merger.

b.Acquiring company management would observe the target's sharevalueas traded on a stock exchange and would then deduct the estimated per share NPV of the merger to arrive at the fair value per share.

c.An investment bank would need to base their valuation on reasonable assumptions and disclose these to their client.

d.Current share price of a potential acquisition target could be used as a valuation benchmark if these securities are liquid and the majority are available for sale.