Question: 3 . Which investor reaction do you think was more accurate: the immediate negative reaction when the deal was announced or the more positive one

3. Which investor reaction do you think was more accurate: the immediate negative reaction when the deal was announced or the more positive one when the deal closed? 4. Speculate as to why the initial Takeda offer for Shire was all cash and the final offer was a combination of cash and stock. Explain your answer.

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