Loh, Charmen; Bezjak, Jennifer Russell; Toms, Harrison - In: The Financial Review 30 (1995) 1, pp. 41-60
This paper examines the investor reaction to the use of corporate selloffs as antitakeover devices. The results show that firms subject to takeover speculations prior to the divestiture announcement experience insignificant changes in share prices while firms that have no takeover bid report...