Only have to answer question 3

Assignment Question Conduct your own research and analysis on the acquisition of iiNet Ltd by TPG Telecom Ltd in 2015 and address the following questions. 1. What are the economic rationales behind the acquisition? You should discuss the rationales from the perspectives of both the (i) acquirer, and (ii) target company. Discuss the background information on the acquisition and your evaluation of the choices made. These include the acquisition method used (e. g., scheme of arrangement, on-market bid, off-market bid), offer price, offer type (cash or shares), premium, regulatory approvals, etc. What are the personal incentives of the board of directors of the (i) bidder, and (ii) target if the acquisition is successful? Explain how and why the share price of the (i) target, and (ii) bidder reacted to the takeover around the announcement date. Taking the economic rationales behind the acquisition into consideration, do you support this acquisition if you are a sharehoider of the (i) target, and (ii) bidder? [Hint: you may examine nancial ratios in the shortflong term, etc., to justify your answers]