Our analysis supports the significance of the prediction model based on the historical and new finings . Our prediction model is likely to facilitate improved risk-adjusted returns of risk arbitrage , reverse risk arbitrage , and strategies by assisting in the portfolio construction , increasing the likelihood of identifying correctly successful hostile takeovers . Literature review The probability of merger completion /success is an important in the risk arbitrage literature . The wealth effects literature finds that the roles of payment methods are significant in explaining...











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