Canina, Linda; Carvell, Steven A.; Ma, Qingzhong; … - In: Journal of Business Research 66 (2013) 9, pp. 1689-1695
This study values takeover targets in the gaming industry and finds that privately held takeover targets command lower valuations than publicly traded firms. On average valuation multiples are 46% lower for private targets relative to public firms. This finding has significant implications for...