11.  But if the acquiring company is offering its stock, as many do, no taxes will be owed until the new shares are sold.

12.  But the lack of a premium does not necessarily indicate that the acquiring company is getting a bargain.

13.  Executive hubris, Hayward and Hambrick argue, leads acquiring companies to pay too much.

14.  Functioning as supercharged project directors, the best integration managers draw on deep knowledge of the acquiring company to ensure that the process works swiftly and smoothly.

15.  He has watched from a distance as other mergers failed because employees of the acquiring company often insisted that their new co-workers do things their way.

16.  How investors react to the news on the day of the announcement is a good indication of whether the acquiring company is overpaying, according to Sirower.

17.  If Reliant Energy is bought out by another company, however, the acquiring company will have the right to change the name of the stadium, Patterson said.

18.  In each case, because of either ego or ignorance, the acquiring company overlooked possible and well-known problems.

19.  In most companies, the task of integration falls to task forces in departments and divisions throughout the acquiring company.

20.  In the past, investors would punish an acquiring company for diluting earnings.