Tesco's failure in its initial acquisition of 134 operating grocery stores as with direct foreign investments in China 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. Tesco's initial investment in China was the acquisition of 134 operating grocery stores. Briefly discuss and apply your selected two reasons (from the list posted below) for Tesco's failure with direct ownership of stores 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 judgment) Failure to successfully integrate the target after the merger or acquisition (lack of follow-through)) What was the final outcome of this direct ownership of 134 grocery stores for Tesco? What was the cost?