Question 32 1.42 pts All of the following strategies are ways to play the Merger Arbitrage game, EXCEPT: Sell short the target company assuming the deal will not close Buy the target company assuming the deal will close Buy companies operating in the same sector as the target company Sell short the acquiring company assuming the deal will not close Buy the acquiring company assuming the deal will not close Question 33 1.42 pts A Break-up play is another event-driven strategy that is based on the pattern showing that: O diversified conglomerates can unlock value through divestitures of some of their business units many announced acquisition (approx. 20%) do not actually close O O OOO spin-offs are often viewed negatively by investors in the parent company activists often lobby for break-ups to enable them to change management and improve performance the government can sometimes step in stop an acquisition (e.g., Potash Corp, or 3Com)