Recal the HBS Case on Backman vs. Target Corporation Activism has been one of the most debated topics in france in the last 15-20 years. Some peut activism is good for the company is prove target company's efficiency other argue that action is bad for the company because activists are short term focused. Which of the following statement is correct in terms of the verge market reaction on the nouncement of an active event? OA. The prices of companies targeted by hedge fund is read povely to wicement that the store taken a position in the work but reverse Quickly by the end of the worcement day OB. The prices of companies targeted by hedge fundvits do not react to avouncements that the activists have taken a position in the stock OC. The prices of companies targeted by hedge fund activista react negatively to announcements that the activists have taken a position in the stock but reverse quickly by the end of the announcement day OD. The prices of companies targeted by hedge fund activists react positively to announcements that the activists have taken a position in the stock O E. The prices of companies targeted by hedge fund activists react negatively to announcements that the activists have taken a position in the stock Recal the HBS Case on Backman vs. Target Corporation Activism has been one of the most debated topics in france in the last 15-20 years. Some peut activism is good for the company is prove target company's efficiency other argue that action is bad for the company because activists are short term focused. Which of the following statement is correct in terms of the verge market reaction on the nouncement of an active event? OA. The prices of companies targeted by hedge fund is read povely to wicement that the store taken a position in the work but reverse Quickly by the end of the worcement day OB. The prices of companies targeted by hedge fundvits do not react to avouncements that the activists have taken a position in the stock OC. The prices of companies targeted by hedge fund activista react negatively to announcements that the activists have taken a position in the stock but reverse quickly by the end of the announcement day OD. The prices of companies targeted by hedge fund activists react positively to announcements that the activists have taken a position in the stock O E. The prices of companies targeted by hedge fund activists react negatively to announcements that the activists have taken a position in the stock