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

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3) 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 (11/6/2015 - 11/9/2015) and the initial CP offer (11/17/2015 - 11/18/2015). Is the market's reaction consistent with your valuation of the projected merger benefits from

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