This is an empirical research, you are required to design and carry out an event study by first searching for announcements of mergers and acquisitions using Thomson Banker. I will remind you, during the lectures, how to access Thomson Banker and search for the data. You should choose to look at the share price reaction on the date of the announcement of the acquirer company. The announcement dates should be restricted to 1st January 2011 onwards You will need to read a synopsis of previous literature examining share price reaction around mergers to fully understand how to set up your hypotheses and methods of enquiry and should discuss the literature briefly in your report. Links to relevant papers will be put on Blackboard. The marking grid for the empirical research is attached.

Due to time constraints you should keep your sample to around 50 – 100 companies.

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