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Their participation enables otherwise impossible take atteempts to become successful; The involvement of the arbitrager explains very well the widely observed stock market movement during the process of the takeover, including the dramatic rise in share price and in transaction volume. It predicts that in most case, a high transaction volume is associated with a high success rate, as well as with a high post-announcement trading price. Also, the higher the bidding price, the higher the success rate and the bigger the jump in share price; The existence of the arbitrager implies that in the tender offer, the shareholder can always expect to get a fixed portion of the total value improvement by the raider. This surprisingly simple division rule of the takeover surplus may have great implications for related empirical research and indicates that the market for corporate control may be efficient.

其次，我们构建了一个股权收购模型，研究套利者在接管过程中的重要作用，并论证了：套利者在公司接管过程中能发挥重要作用，他们的参与能设法使其他方面不可能的接管变得成功；套利者的卷入很好地解释了在接管过程中广泛观察到的股市活动，包括股价和交易量的暴涨，并指出了在大多数情况下，更高的交易量导致更高的接管成功率和接管宣告后更高的交易价，同样，更高的竞价必然导致更高的接管成功率和更大的股价涨幅；套利者的存在指出了在发盘收购中，股东总是期望从袭击者带来的价值增加总量中获得一个固定部分，接管盈余的划分规则对相关经验研究有很大的关系，指出公司控制权市场是有效的。

The experiment indicates that this parameter can reflect the capping ability of argillaceous rock cap formation.

实验表明，该参数能够从微孔结构的角度反映泥质岩盖层封盖的能力。

In her horoscope aries is in third house which indicates that she is a brave person.

在她的星座白羊座是这表明她是一个勇敢的人，第三家。

It indicates absolute Being and beings in Aristotle's work.

它包括绝对的存在和存在者两个方面。

As a result indicates two 10 affixed to the cutan of rheomolding to determine the order to all measurementin of the arithmetic mean.

结果表示以正反面各10个贴向胶膜的试样进行测定，以所有测定值的算术平均值表示。

Mainly in solo jazz improvisation and the development of itself, with more and more attention, and increasing the performance of brass instruments and the solo in arranger exploration indicates the arrival of the era of swing.

以独奏为主的即兴演奏也随爵士乐本身的发展而受到越来越多的重视，日益增多的演奏铜管乐器的独奏者以及在编曲方面的探索预示了摇摆乐时代的到来。

Overly aestheticized approach that only serves an arriviste class indicates a crisis of professional ethics , given the fact that China is an overpopulated country with extremely limited land resource , and a great number of population is still suffering from severe housing shortage .

鉴于中国人口众多，耕地稀少，很多人正面临住房短缺的局面，"中国式居住"时尚所体现出来的建筑师仅为某个新贵阶层服务的过于美学化的态度，体现了一种职业伦理的危机。

The experimental result indicates that the composition can not only enhance the analgesic effect of asarum, but also reduce the dosage of it, therefore ,there will be less toxicity.

实验结果说明这种联合用药不仅能够增强细辛的镇痛效果，而且可以减少细辛的用量，从而减少毒性。

The experimental result indicates that,the improved ASM method has a bigger enhancement in the accuracy and robustness.

实验结果表明，改进的ASM方法在准确性和鲁棒性上有较大提高。

An aspect ratio of 2:1, for example, indicates that the image is twice as wide as it is high.

例如，纵横比为 2：1 表示图像的宽度是高度的两倍。

Finally, according to market conditions and market products this article paper analyzes the trends in the development of camera technology, and designs a color night vision camera.

最后根据市场情况和市面上产品的情况分析了摄像机技术的发展趋势，并设计了一款彩色夜视摄像机。

Only person height weeds and the fierce looks stone idles were there.

只有半人深的荒草和龇牙咧嘴的神像。