What are the four phases of M&A, and what happens at each phase?

What are the four phases of M&A, and what happens at each phase?

Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

Dowling, P., Festing, M., & Engle, Sr., A. (2013). International human resource management (6th ed., pp. 87-90). Cengage Learning.