The merger boom: an overview

Consolidation and merger of corporations ; Corporations ; Public policy

Are hostile takeovers different?

Consolidation and merger of corporations ; Corporations ; Stockholders

GALEX ultraviolet observations of stellar variability in the Hyades and Pleiades clusters

We present GALEX near ultraviolet (NUV:1750 - 2750A) and far ultraviolet (FUV: 1350 - 1750A) imaging observations of two 1.2 degree diameter fields in the Hyades and Pleiades open clusters in order to detect possible UV variability of the member stars. We have performed a detailed software search for short-term UV flux variability during these observations of the approx 400 sources detected in each of the Hyades and Pleiades fields to identify flare-like (dMe) stellar objects. This search resulted in the detection of 16 UV variable sources, of which 13 can be directly associated with probable M-type stars. The other UV sources are G-type stars and one newly discovered RR Lyrae star, USNOB1.0 1069-0046050, of period 0.624 day and distance 4.5-7.0 kpc. Light curves of photon flux versus time are shown for 7 flare events recorded on six probable dMe stars. UV energies for these flares span the range 2E27 to 5E29 erg, with a corresponding NUV variability change of 1.82 mag. Only one of these flare events (on the star Cl* Melotte 25 LH129) can definitely be associated with an origin on a member the Hyades cluster itself. Finally, many of our M-type candidates show long periods of enhanced UV activity but without the associated rapid increase in flux that is normally associated with a flare event. However, the total UV energy output during such periods of increased activity is greater than that of many short-term UV flares. These intervals of enhanced low-level UV activity concur with the idea that, even in quiescence, the UV emission from dMe stars may be related to a superposition of many small flare events possessing a wide range of energies.Comment: PASP Submitte

Impulse Generation by an Open Shock Tube

We perform experimental and numerical studies of a shock tube with an open end. The purpose is to investigate the impulse due to the exhaust of gases through the open end of the tube as a model for a partially filled detonation tube as used in pulse detonation engine testing. We study the effects of the pressure ratio (varied from 3 to 9.2) and the volume ratio (expressed as fill fractions) between the driver and driven section. Two different driver gases, helium and nitrogen, and fill fractions between 5 and 100% are studied; the driven section is filled with air. For both driver gases, increasing the pressure ratio leads to larger specific impulses. The specific impulse increases for a decreasing fill fraction for the helium driver, but the impulse is almost independent of the fill fraction for the nitrogen driver. Two-dimensional (axisymmetric) numerical simulations are carried out for both driver gases. The simulation results show reasonable agreement with experimental measurements at high pressure ratios or small fill fractions, but there are substantial discrepancies for the smallest pressure ratios studied. Empirical models for the impulse in the limits of large and small fill fractions are also compared with the data. Reasonable agreement is found for the trends with fill fractions using the Gurney or Sato model at large fill fractions, but only Cooper’s bubble model is able to predict the small fill fraction limit. Computations of acoustic impedance and numerical simulations of unsteady gas dynamics indicate that the interaction of waves with the driver-driven gas interface and the propagation of waves in the driven gas play an essential role in the partial-fill effect

Computational power of correlations

We study the intrinsic computational power of correlations exploited in measurement-based quantum computation. By defining a general framework the meaning of the computational power of correlations is made precise. This leads to a notion of resource states for measurement-based \textit{classical} computation. Surprisingly, the Greenberger-Horne-Zeilinger and Clauser-Horne-Shimony-Holt problems emerge as optimal examples. Our work exposes an intriguing relationship between the violation of local realistic models and the computational power of entangled resource states.Comment: 4 pages, 2 figures, 2 tables, v2: introduction revised and title changed to highlight generality of established framework and results, v3: published version with additional table I

On worst-case investment with applications in finance and insurance mathematics

We review recent results on the new concept of worst-case portfolio optimization, i.e. we consider the determination of portfolio processes which yield the highest worst-case expected utility bound if the stock price may have uncertain (down) jumps. The optimal portfolios are derived as solutions of non-linear differential equations which itself are consequences of a Bellman principle for worst-case bounds. They are by construction non-constant ones and thus differ from the usual constant optimal portfolios in the classical examples of the Merton problem. A particular application of such strategies is to model crash possibilities where both the number and the height of the crash is uncertain but bounded. We further solve optimal investment problems in the presence of an additional risk process which is the typical situation of an insurer

Renormalization group aspects of the local composite operator method

We review the current status of the application of the local composite operator technique to the condensation of dimension two operators in quantum chromodynamics (QCD). We pay particular attention to the renormalization group aspects of the formalism and the renormalization of QCD in various gauges.Comment: 13 latex pages, talk presented at RG0

Differentiating patterns of violence in the family

The feasibility and prevalence of Reciprocal, Hierarchical and Paternal patterns of family aggression hypothesised by Dixon and Browne (2003) were explored within a sample of maltreating families. The psychological reports of 67 families referred to services for alleged child maltreatment that evidenced concurrent physical intimate partner violence and child maltreatment were investigated. Of these, 29 (43.3%) cases were characterised by hierarchical; 28 (41.8%) Reciprocal and 10 (14.9%) Paternal patterns. Significant differences in the form of child maltreatment perpetrated by mothers and fathers and parent dyads living in different patterns were found. In Hierarchical sub-patterns, fathers were significantly more likely to have been convicted for a violent and/or sexual offence than mothers and were significantly less likely to be biologically related to the child. The findings demonstrate the existence of the different patterns in a sample of families involved in the Child Care Protection process in England and Wales, supporting the utility of a holistic approach to understanding aggression in the family

Search for β+\beta^+EC and ECEC processes in 112^{112}Sn

Limits on $\beta^+$EC (here EC denotes electron capture) and ECEC processes in $^{112}$Sn have been obtained using a 380 cm$^3$ HPGe detector and an external source consisting of 53.355 g enriched tin (94.32% of $^{112}$Sn). A limit with 90% C.L. on the $^{112}$Sn half-life of $4.7\times 10^{20}$ y for the ECEC(0$\nu$) transition to the $0^+_3$ excited state in $^{112}$Cd (1871.0 keV) has been established. This transition is discussed in the context of a possible enhancement of the decay rate by several orders of magnitude given that the ECEC$(0\nu)$ process is nearly degenerate with an excited state in the daughter nuclide. Prospects for investigating such a process in future experiments are discussed. The limits on other $\beta^+$EC and ECEC processes in $^{112}$Sn were obtained on the level of $(0.6-8.7)\times 10^{20}$ y at the 90% C.L.Comment: 14 pages, 4 figure

The Co-occurrence of child and intimate partner maltreatment in the family: characteristics of the violent perpetrators

This study considers the characteristics associated with mothers and fathers who maltreat their child and each other in comparison to parents who only maltreat their child. One hundred and sixty-two parents who had allegations of child maltreatment made against them were considered. The sample consisted of 43 fathers (Paternal Family—PF) and 23 mothers (Maternal Family—MF) who perpetrated both partner and child maltreatment, together with 23 fathers (Paternal Child—PC) and 26 mothers (Maternal Child—MC) who perpetrated child maltreatment only. In addition, 2 fathers (Paternal Victim—PV) and 23 mothers (Maternal Victim—MV) were victims of intimate partner maltreatment and perpetrators of child maltreatment and 7 fathers (Paternal Non-abusive Carer—PNC) and 15 mothers (Maternal Non-abusive Carer—MNC) did not maltreat the child but lived with an individual who did. Within their family unit, 40.7% of parents perpetrated both intimate partner and child maltreatment. However, fathers were significantly more likely to maltreat both their partner and child than mothers and mothers were significantly more likely to be victims of intimate partner violence than fathers. PF fathers conducted the highest amount of physical and/or sexual child maltreatment while MC and MV mothers perpetrated the highest amount of child neglect. Few significant differences between mothers were found. PF fathers had significantly more factors associated with development of a criminogenic lifestyle than PC fathers. Marked sex differences were demonstrated with PF fathers demonstrating significantly more antisocial characteristics, less mental health problems and fewer feelings of isolation than MF mothers. MC mothers had significantly more childhood abuse, mental health problems, parenting risk factors and were significantly more likely to be biologically related to the child than PC fathers. This study suggests that violent families should be assessed and treated in a holistic manner, considering the effects of partner violence upon all family members, rather than exclusively intervening with the violent man