The course web page has an Excel spreadsheet file (in ZIP format) BRN481Case219.ZIP that contains daily stock returns for SYT as well as the CRSP value-weighted portfolio of NYSE, Amex, and Nasdaq stocks (Rmv), and the portfolio of Swiss stocks (SSMI). All returns are expressed in US dollars.
Analyze the stock market reaction of SYT to the various announcements of takeover related events. Based on the behavior of SYT stock prices (and volumes), on which days do you think the stock market first learned about these events. Why?
Feel free to use internet resources (e.g., Google, Wikipedia, etc.) to learn more about these events.
You should do this assignment in groups and prepare a concise report that explains your analysis and findings. Neat, coherent presentation of high-quality analysis is the goal of this assignment. Do not include lots of computer output (although you may copy small portions of output that include relevant statistics).
Click here to download the Excel worksheet with some calculations related to this case.
A histogram showing the grades for this case is available in Acrobat's portable data format (.pdf). The file is about 4K and can only be viewed (and printed) using a copy of Acrobat Reader.
Click here to download this graph.