Task: Prepare a 1,050 to 1,750-word answer in which you analyze the effects of the following on M&A activities:
1. Accounting (i.e. revenue enhancement, cost reduction, risk management)
2. Taxes (i.e. shields, synergies, WACC)
3. Legal (i.e. corporate organization and ownership, litigation risk, law compliance)
Select at least two effects from each category and explain it's relevance in pursuing an M&A strategy.