Explanation:

- I. Digital Transformation:

- Involves upgrading technology, important for integrating systems and processes during mergers.

- II. Smooth Transition:

- Key for ensuring business continuity, reducing employee uncertainty, and maintaining productivity during changes.

- III. Restructuring:

- Often necessary in mergers to optimize operations and align with new goals.

- Option 1: I only

- Focuses solely on digital changes, ignoring other critical aspects.

- Option 2: II only

- Emphasizes the importance of a seamless transition for all stakeholders.

- Option 3: III only

- Highlights structural changes, which may be critical during mergers.

- Option 4: II and III only

- Covers smooth operational transitions and necessary structural adjustments.

- Option 5: All of the above

- Considers technology, continuity, and structural changes as integral to success.

? The correct answer is Option 5: All of the above.