Which of the following statements is NOT true?

	a.	The tax-inversion deals are mainly motivated to increase shareholder value by reducing cost of capital. It will have no significant impact on FCF of the combined firm.
	b.	Strategic buyers tend to outbid financial buyers on average because they expect more synergy benefits.
	c.	Unrelated integrations (conglomerates) tend to have lower expected synergy benefits than horizontal and vertical integrations.
	d.	Revenue enhancement synergy means that the combined firms revenue could exceed the sum of the two firms sales.