Bargeron, Leonce; Schlingemann, Frederik P.; Stulz, René M. - 2009
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JEL classification: G30; G34
Keywords: Private equity acquisitions; CEO retention; acquisition premiums; management … allied with the acquirer as is common in acquisitions made by private equity firms.
Incumbent management’s heightened … conflict of interest in such acquisitions has been the subject of much
attention in the press. For instance, an article in the …