Question: Using the data in case Exhibit 9b, analyze the changes in market values of CP and NS in response to the rumors of a pending

  1. Using the data in case Exhibit 9b, analyze the changes in market values of CP and NS in response to the rumors of a pending offer (11/06/15-11/09/15) and the initial CP offer (11/17/15-11/18/15). Is the market's reaction consistent with your valuation of the projected merger benefits from Question 2?

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