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Does the Market Misprice Companies’ “Strategic Alternatives” Announcements?

Reynolds Holding

In a new article, we explain how the market misprices the news so severely. Questioning the Status Quo The traditional theory of financial markets is the efficient market hypothesis (EMH), which holds that all news is factored into stock prices immediately and correctly, on average.

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ISS Discusses Largest Securities-Related Class Action Settlements of 2023

Reynolds Holding

in August 2019, wiping out about $36 billion in market capitalization. A week after a New York Times article exposed some of the practices in July 2017, the company admitted in a SEC filing that it had been aware of the problems previously. According to the complaint, the undisclosed cost cuts ultimately led to a massive $15.4

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