What are the key operational strengths of the target and the

acquirer?
The strength is merger creates new wealth for acquiring and target
stockholders, its because companies often merge as part of a strategic
effort to boost shareholder value by delving into new business lines
and/or capturing greater market share.
The pre-merger activity invariably impacts the share prices of the
underlying companies. Specifically, the price of the acquiring firm
usually experiences a temporary drop in value, while the share price of
the target firm typically spikes. Shareholders of the merged company
usually experience enviable long-term performance and strong
dividends.