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.

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His political ardor led him into many arguments.

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I don't want to become embroiled in their arguments.

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Don't get involved in the matter,or you will ask for trouble.

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Christine: I was referring to your company's involvement in this latest atrocity.

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To your boss, if you're involved, you're automatically wrong.

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To your boss, if you are involved, you are automatically wrong.

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The machine predicts a war and we go to war to aver it.

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