Acquirer’s Risk in an All-Cash Deal

  Review the table titled "What Is an Acquirer’s Risk in an All-Cash Deal?" in the Harvard Business Review article, "Stock or Cash?: The Trade-Offs for Buyers and Sellers in Mergers and Acquisitions." Assume that the acquirer is smaller than the target. What does the table indicate given this assumption? https://hbr.org/1999/11/stock-or-cash-the-trade-offs-for-buyers-and-sellers-in-mergers-and-acquisitions