What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies

We present a framework for determining the information that can be extracted from stock prices around takeover contests. In only two types of cases is it theoretically possible to use stock price movements to infer bidder overpayment and relative synergies. The takeover contest for Paramount in 1994 illustrates one of these generic cases. We estimate that Viacom, the winning' bidder, overpaid for Paramount by more than $2 billion. This occurred despite the fact that Viacom's CEO owned roughly 3/4 of Viacom. These results are consistent with managerial overconfidence and/or large private benefits, but not with the traditional agency-based incentive problem.

Natural Language Generation for Nature Conservation : Automating Feedback to help Volunteers identify Bumblebee Species

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Meteoroid Risk Assessment of Lunar Habitat Concepts

Preliminary analyses have been performed of meteoroid impacts on lunar surface structures built with elements made from in situ materials. The SPHC hydrodynamic code was used to simulate impacts, and was validated against hypervelocity impact test results. Impact risk will affect necessary wall thicknesses, depth of burial, and placement of lunar base structures

Liquid Methane Conditioning Capabilities Developed at the NASA Glenn Research Center's Small Multi- Purpose Research Facility (SMiRF) for Accelerated Lunar Surface Storage Thermal Testing

Glenn Research Center s Creek Road Cryogenic Complex, Small Multi-Purpose Research Facility (SMiRF) recently completed validation / checkout testing of a new liquid methane delivery system and liquid methane (LCH4) conditioning system. Facility checkout validation was conducted in preparation for a series of passive thermal control technology tests planned at SMiRF in FY10 using a flight-like propellant tank at simulated thermal environments from 140 to 350K. These tests will validate models and provide high quality data to support consideration of LCH4/LO2 propellant combination option for a lunar or planetary ascent stage.An infrastructure has been put in place which will support testing of large amounts of liquid methane at SMiRF. Extensive modifications were made to the test facility s existing liquid hydrogen system for compatibility with liquid methane. Also, a new liquid methane fluid conditioning system will enable liquid methane to be quickly densified (sub-cooled below normal boiling point) and to be quickly reheated to saturation conditions between 92 and 140 K. Fluid temperatures can be quickly adjusted to compress the overall test duration. A detailed trade study was conducted to determine an appropriate technique to liquid conditioning with regard to the SMiRF facility s existing infrastructure. In addition, a completely new roadable dewar has been procured for transportation and temporary storage of liquid methane. A new spherical, flight-representative tank has also been fabricated for integration into the vacuum chamber at SMiRF. The addition of this system to SMiRF marks the first time a large-scale liquid methane propellant test capability has been realized at Glenn.This work supports the Cryogenic Fluid Management Project being conducted under the auspices of the Exploration Technology Development Program, providing focused cryogenic fluid management technology efforts to support NASA s future robotic or human exploration missions

Ebola virus VP35 induces high-level production of recombinant TPL-2–ABIN-2–NF-κB1 p105 complex in co-transfected HEK-293 cells

Activation of PKR (double-stranded-RNA-dependent protein kinase) by DNA plasmids decreases translation, and limits the amount of recombinant protein produced by transiently transfected HEK (human embryonic kidney)-293 cells. Co-expression with Ebola virus VP35 (virus protein 35), which blocked plasmid activation of PKR, substantially increased production of recombinant TPL-2 (tumour progression locus 2)–ABIN-2 [A20-binding inhibitor of NF-κB (nuclear factor κB) 2]–NF-κB1 p105 complex. VP35 also increased expression of other co-transfected proteins, suggesting that VP35 could be employed generally to boost recombinant protein production by HEK-293 cells

Five Intermediate-Period Planets from the N2K Sample

We report the detection of five Jovian mass planets orbiting high metallicity stars. Four of these stars were first observed as part of the N2K program and exhibited low RMS velocity scatter after three consecutive observations. However, follow-up observations over the last three years now reveal the presence of longer period planets with orbital periods ranging from 21 days to a few years. HD 11506 is a G0V star with a planet of \msini = 4.74 \mjup in a 3.85 year orbit. HD 17156 is a G0V star with a 3.12 \mjup planet in a 21.2 day orbit. The eccentricity of this orbit is 0.67, one of the highest known for a planet with a relatively short period. The orbital period for this planet places it in a region of parameter space where relatively few planets have been detected. HD 125612 is a G3V star with a planet of \msini = 3.5 \mjup in a 1.4 year orbit. HD 170469 is a G5IV star with a planet of \msini = 0.67 \mjup in a 3.13 year orbit. HD 231701 is an F8V star with planet of 1.08 \mjup in a 142 day orbit. All of these stars have supersolar metallicity. Three of the five stars were observed photometrically but showed no evidence of brightness variability. A transit search conducted for HD 17156 was negative but covered only 25% of the search space and so is not conclusive.Comment: 13 pages, 9 figures, accepted ApJ Resubmitted here with some additional data, modified Keplerian orbit