Caselli, Stefano; Gatti, Stefano; Visconti, Marco - In: Journal of Applied Corporate Finance 18 (2006) 4, pp. 91-104
M&A transactions expose both the bidder and target shareholders to a number of major risks both prior to the close of the deal and during the post-close integration phase. The main pre-closing risk is the possibility that fl uctuations of bidder and target stock prices will affect the terms of...