Who are the likely winners and losers in domestic mergers and acquisitions that involve two firms incorporated

Question:

Who are the likely winners and losers in domestic mergers and acquisitions that involve two firms incorporated in the same country? How are the returns to acquiring firm shareholders related to the method of payment (cash versus stock) and the acquiring firm's or profitability?
Free Cash Flow
Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the...