1. Why is it that firms like Alcoa desire to merge or buy other large firms in the same industry like Reynolds? (5 Points)
   
2. Why might regulators have a problem with firms like Alcoa buying firms like Reynolds? (5 Points)
   
3. What can firms do to prevent a takeover attempt from an unwanted suitor? (5 Points)
   
4. How are funds raised to complete a merger between two such large firms? (5 Points)
   
5. In the case it stated that several of the smaller firms in the industry wanted to be considered as bidding candidates because bidders tend to pay over fair market value for the smaller firm's shares. Why does this happen? (5 Points)