Which of the following is NOT a reason for failure merger and acquisitions?

Acquiring new technology

Reasons for failure of merger and acquistions:

1. Unrealistic price paid for target

2. Difficulties in cultural integration 

3. Overstated synergies 

4. Integration difficulties 

5. Inconsistent strategy

6. Poor business fit 

7. Inadequate due diligence 

8. High leverage 

9. Boardroom split

10. Regulatory issues

11. Human resource issues