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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,同样,更高的竞必然导致更高的接管成功率和更大的股涨幅;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。

Should the arithmetic average of the mean buying and selling rates of U.S.

本合同项下的美元币值,系按××年××月××日中国银行公布的瑞士法郎、德国法郎和法国法郎对美元买卖中间所确定的算数平均汇率作为调整的基数。

RN2, in which R is an aromatic hydrocarbon.

重氮基一阳离子rn2,其中r是芳烃

John Rogers, 11.30.05Once we understand the business and where we think it's going, we'll estimate the sustainable free cash flow the company can generate net income, plus depreciationand amortization, minus maintenance capital spending. Depending on the growth potential, defensibility and profitability of the business, we'll put a 10- 14x multiple on that free cash flow to arrive at a target price.

一旦我们理解公司并且它的发展方向,我们就会估计这家公司能够产生的持续的自由现金流——净收益+折旧+分期还款-净投资,依靠企业的成长潜力、可防御性和收益情况,我们会把目标定为自由现金流的10-14倍。

Arsenical compounds can inhibit cell growth of leukemia cell at different intensity; this may be correlated with the valency of arsenic and molecular structure of arsenical compounds.

4不同砷剂对细胞作用强弱可能与其结构态有关。

The univalent group (CH3)2As- derived from arsine.

从砷衍生而来的二基As。

Pearl River launched Ascot this elite living museum fold to break 6,000 yuan / m2 and investment prospects for the region.

珠江骏景此次推出的精锐生活馆均敢突破6000元/平方米,也是对该区域的投资前景看好。

I general, our rice are give o a FO asis.

通常我们的报都是FOB

I said, Anyone can buy it at a low price and they all love to eat it.

我说:无论何等人都可以用贱买它来吃;都喜欢吃它。

If opportunities for cooperation or need at a price of friends and contact me.

如有合作的机会或需要报个的朋友可以和我联系。

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For a big chunk of credit-card losses; the number of filings (and thus charge-off rates) would be rising again, whether

年美国个人破产法的一个改动使得破产登记急速下降,而后引起了信用卡大规模的亏损。

Eph. 4:23 And that you be renewed in the spirit of your mind

弗四23 而在你们心思的灵里得以更新

Lao Qiu is the Chairman of China Qiuyang Translation Group and the head master of the Confucius School. He has committed himself to the research and promotion of the classics of China.

老秋先生为中国秋阳翻译集团的董事长和孔子商学院的院长,致力于国学的研究和推广。