Please help, I only need help with questions 2 and 5. The questions are posted at the bottom of the screenshots

Mergers, Acquisitions, and Other Restructuring Activities -off HII post spin-off Public shareholders Huntington Ingalls Industries (HII) Northrop Grumman Systems Corp. (NGSC) Titan II, Inc. (Formerly Current NGC) Northrop Grumman Shipbuilding Inc (NGSB) reorganization was followed by the distribution of HII stock to NGC's common shareholders. NGC. New NGC changed its name to Northrop Grumman Corporation. The board of directors remained the same following the reorganization. of NGC shares, reflecting the loss of HII's cash flows. and jeopardize the tax-free status of the spin-off. Consequently, HII put in place certain takeover defenses to make takeovers difficult. Discussion Questions other restructuring strategies? 2. What is the likely impact of the spin-off on Northrop Grumman's share price immediately following the spin-off of Huntington Ingalls, assuming no other factors offset it? 3. Why do businesses that have been spun off from their parent often immediately put antitakeover defenses in place? 4. Why would the U.S. Internal Revenue Service be concerned about a change of control of the spun-off business? 5. Describe how you as an analyst would estimate the potential impact of the HII spin-off on the long-term value of Northrop Grumman's share price. Mergers, Acquisitions, and Other Restructuring Activities (HII), the largest military US shipbuilder and a wholly owned subsidiary of NGC, had been under pressure to cut costs amidst increased competition om competitors sucn as General Uynamics and a siowaown in oraers Trom the U.S. Navy. Nor did the outlook for the shipbuilding industry look like it would improve any time soon. irectly rather than to compete with other NGC operations for financing. Finally, investors would be better able to value businesses (NGC and HII) whose operations were more focused. angthy marketing period to potential buyers as well as a highly intrusive due diligence process by interested parties to any bidding process. ecord on March 30, 2011. Each NGC shareholder received one HII common share for every six shares of NGC common stock held. 67 ould include HII and Northrop Grumman Systems Corporation (i.e., all other non-shipbuilding operations)