Which of the following is a common outcome if a merger fails to result in anticipated synergies?

When a merger fails to achieve the anticipated synergies, it often leads to a loss of shareholder value. This can occur because the expected benefits of the merger, such as cost savings, increased revenues, or improved efficiencies, do not materialize. As a result, shareholders may see a decline in the value of their investments, impacting stock prices and overall market perceptions of the company.

In contrast, increased employee morale, enhanced market position, and successful integration would typically be associated with a successful merger. However, when synergies are not realized, it often leads to dissatisfaction among employees due to uncertainty and instability, a weakened competitive position in the market, and challenges in integrating the companies effectively, all of which further contribute to the loss of shareholder value.