NextEra Energy Inc. (NEE) recently announced the acquisition of Duke Energy Corp. (DUK). However, the deal was withdrawn just a few days later because of a plethora of regulatory hurdles. Based on what we have learned about the financial theory behind Mergers and Acquisitions (and synergies), what do you think happened to NextEra and Dukes stock price when the deal was announced and when it was withdrawn?

A. NextEras stock price fell on the day of the announcement of the deal, but Dukes stock price rose. However, both stock prices fell on the day of the announcement of withdrawal.

B. NextEras stock price rose on the day of the deals announcement, but Dukes stock price fell. However, both stock prices fell on the day of the announcement of withdrawal.

C. NextEras stock price fell on the day of the announcement of the deal, but Dukes stock price rose. However, NextEras price went up on the day of the withdrawal announcement, while Dukes fell.

D. Both the stocks prices rose on the day of the announcement of the deal and fell on the day of the announcement of withdrawal.

E. Both the stocks prices fell on the day of the announcement of the deal and rose on the day of the announcement of withdrawal.