Question 1 a) In the Australian context, discuss reasons why a potential acquirer may prefer to go through a scheme of arrangement rather than an outright acquisition of a target company. b) Discuss the hubris hypothesis of takeovers. c) What is a private placement? Contrast the advantages and disadvantages of a listed company using a private placement versus a public offer when raising additional capital. d) Briefly discuss the reasons why investment and commercial banks need to hold capital