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On January 1 , 2 0 2 3 ( day = 0 ) Mr . Manager Corp. announced an acquisition of Gary Corp. For this
On January day Mr Manager Corp. announced
an acquisition of Gary Corp. For this question, we will conduct an event study to understand the market reaction to the deal
announcement. The normal return regression results for the target and the market capitalizations have already been provided to you in Rows The event period returns for the target and the S&P return for the days beginning two days before the announcement to two days following the announcement are provided in Columns EF The acquirer abnormal returns and cumulative abnormal returns have already been computed for you in Columns GH Compute the cumulative abnormal return for the target and total dollar synergy over the event window.
What is the target cumulative abnormal return?CAR
what is the total dollar synergy?
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