16. This question deals with stock price reactions around merger announcements for bidding (or acquiring) firms. As discussed in class, Alexandridis et al. (2017) update findings of previous studies in their paper titled 'Value creation from M&As: New evidence' published in the Journal of Corporate Finance. Please discuss these authors' key findings on bidding firm announcement returns for recent (post- crisis) M&A deals. In your answer, mention the following elements: What is the key finding obtained by the authors? How does this key finding differ from findings of previous studies examining bidding (or acquiring) firm announcement returns? According to Alexandridis et al. (2017), what is the main reason for any differences between their findings on bidding firm announcement returns, and findings by previous studies? (100 marks) 16. This question deals with stock price reactions around merger announcements for bidding (or acquiring) firms. As discussed in class, Alexandridis et al. (2017) update findings of previous studies in their paper titled 'Value creation from M&As: New evidence' published in the Journal of Corporate Finance. Please discuss these authors' key findings on bidding firm announcement returns for recent (post- crisis) M&A deals. In your answer, mention the following elements: What is the key finding obtained by the authors? How does this key finding differ from findings of previous studies examining bidding (or acquiring) firm announcement returns? According to Alexandridis et al. (2017), what is the main reason for any differences between their findings on bidding firm announcement returns, and findings by previous studies? (100 marks)