1. In the Family Dollar merger case, which of the following was not a rationale to go ahead with the acquisition?
   1. The new combination broadened Dollar Tree's geographic and demographic reach.
   2. There were synergies possible.
   3. The combination would leverage complimentary merchandise expertise.
   4. The combination would complement similar financial structures.
   5. The combination would have complimentary business models across all price-points.
2. All but which of the following were reasons that Family Dollar decided to find a merger partner.
   1. Morgan Stanley suggested it.
   2. Although the company had shown good past performance, they had reached a point when organic top-line growth would have become impossible or difficult to achieve.
   3. The company had achieved maximum market saturation.
   4. The company was not as efficient a retailer as its bigger rivals Dollar General and Dollar Tree.