Question 13 (Select the correct Response): During the late 80s in the UK a wave of mergers amongst financial firms as a result of a piece of legislation - The Financial Modernization Act. One affect of this legislation was to allow previously siloed financial firms to now compete. The catalyst for this merger wave is best described as (technological/regulatory/economic)? (1 point) Question 14 [Fill in the Blank(s)]: Divided Technologies was broken into three different public companies one for each of Divided's three divisions, security, defense, and elevators. Before the split, Divided Technologies was valued at $25.0B. Immediately after the split, the three new public companies were worth a combined $27.0B. The difference in value of $2.0B is best described as _? (1 point) Question 15 (Fill in the blanks, and I am not looking for "synergies as an answer): Janus, who works for a small manufacturing firm in the mid-west has just seen her company be part of a large acquisition. It was hoped that the target's company overhead could be absorbed into the acquirer's overhead (for example, the target's HR can be "closed" and the function taken over by the acquirer's HR), and savings made. This is an example of a hoped for ( _). Unfortunately that has not come to pass, in fact, the HR department of the Acquirer as an example is overworked, and not nearly as efficient as pre-deal. This is an example of a realized ( .). (2 points) Question 16: Imbev has offered to acquire Libre for $35 per share in cash. Libre's stock price pre- announcement was $25. a. What is the acquisition premium being offered? (2 points) b. After the deal is announced, the price of Libre jumped to $38. What could the market believe will happen? (3 points) Question 13 (Select the correct Response): During the late 80s in the UK a wave of mergers amongst financial firms as a result of a piece of legislation - The Financial Modernization Act. One affect of this legislation was to allow previously siloed financial firms to now compete. The catalyst for this merger wave is best described as (technological/regulatory/economic)? (1 point) Question 14 [Fill in the Blank(s)]: Divided Technologies was broken into three different public companies one for each of Divided's three divisions, security, defense, and elevators. Before the split, Divided Technologies was valued at $25.0B. Immediately after the split, the three new public companies were worth a combined $27.0B. The difference in value of $2.0B is best described as _? (1 point) Question 15 (Fill in the blanks, and I am not looking for "synergies as an answer): Janus, who works for a small manufacturing firm in the mid-west has just seen her company be part of a large acquisition. It was hoped that the target's company overhead could be absorbed into the acquirer's overhead (for example, the target's HR can be "closed" and the function taken over by the acquirer's HR), and savings made. This is an example of a hoped for ( _). Unfortunately that has not come to pass, in fact, the HR department of the Acquirer as an example is overworked, and not nearly as efficient as pre-deal. This is an example of a realized ( .). (2 points) Question 16: Imbev has offered to acquire Libre for $35 per share in cash. Libre's stock price pre- announcement was $25. a. What is the acquisition premium being offered? (2 points) b. After the deal is announced, the price of Libre jumped to $38. What could the market believe will happen? (3 points)