Spring, an American firm, recently acquired another company, Tazel Inc., in Indonesia. The high-level managers at Tazel quit because they could not cope with the domineering and straightforward approach of their American counterparts This illustrates how acquisitions may fail because:
A. managers overestimate their ability to create value from an acquisition.
B. integration of operations between the two firms takes longer than forecasted.
C. there is a clash between the cultures of the acquired and the acquiring firm.
D. an acquiring firm overpays for the assets of an acquired firm.
E. inadequate pre-acquisition screening has been done.