There are several reasons for the value destruction for the acquirers. All factors listed below can be such reasons EXCEPT: 3 Escalating commitment and/or overcommitment to buying the target by the acquiring managers Q Downplaying the costs associated with achieving the potential synergies in the acquisition O Acquiring a poorly performed company with a track record of declining revenues and profits Q Self-interested top managers of the acquirer pursuing empire-building at the expense of the shareholders