1.How will the market react to the news from antitrust regulators? Justify your answer by making reference to (a) the probability that the takeover succeeds or (2) the takeover fails (do not answer as ifthe takeover had already concluded). lnclude as a justification for your answerthe analysis in the œCase_49-probability for merger-arbitragexls spreadsheet. 2.What should Gallinelli do, that is, what action should she take? Justify your answer by making reference to return on investment calculations based on the takeover succeeding orthe takeover failing (do not answer as ifthe takeover had already concluded).