16.2Merger event risk. Volkswagen's offer to purchase all outstanding Scania shares comes with six conditions.

1. For each of these conditions give your subjective estimate of the probability of the condition being met or waived. What is the probability of the transaction being completed?
2. If you worked for an event-driven investment manager and had more time and resources, what kind of information or research do you think is most valuable in this type of merger?