1. Explain the process of, and why, companies would engage in a share repurchase scheme

2. Outline the problems with pre-emptions rights as outlined by Myners (2005) and the recommendations that Myners made

3. It is well known that merger waves exist (see, e.g., Brealey and Myers, 2019). Mitchell and Mulherin (1996) document clear clustering of waves within industries and tie that clustering to various technological, economic, or regulatory shocks to those industries. Define merger waves and using theoretical and empirical literature, outline the reasons that have been proposed to explain merger waves.

4. Is financial slack valuable? Explain your answer with reference to theoretical and empirical literature.

5. A legal framework to permit cross-border mergers between limited liability companies from member states in the European Economic Area (EEA) was brought into European law by Directive 2005/56/EC ( the Directive). What is a cross-border merger? What are the potential issues with cross-border mergers? Outline why UK companies are attractive to foreign companies.