Search Results - subject:"tender offers"

Business Ethics and the Decision to Adopt Golden Parachute Contracts: Empirical Evidence of Concern for All Stakeholders

Evans, Jocelyn; Hefner, Frank - In: Journal of Business Ethics 86 (2009) 1, pp. 65-79

Persistent link: https://www.econbiz.de/10005075563

Takeover defenses, golden parachutes, and bargaining over stochastic synergy gains: a note on optimal contracting

Chakraborty, Atreya; Farah, Abdikarim; Barkoulas, John - In: The European Journal of Finance 14 (2008) 4, pp. 273-280

We incorporate managerial risk aversion and stochasticity of takeover synergy gains into Harris' (Harris, E.G. 1990. Antitakeover measures, golden parachutes, and target firm shareholder welfare. Rand Journal of Economics 21, no. 4: 614-25. bargaining model for the coexistence of antitakeover...

Persistent link: https://www.econbiz.de/10005438021

Trading Activity, Trade Costs and Informed Trading for Acquisition Targets and Acquirers

Kryzanowski, Lawrence; Lazrak, Skander - In: The European Journal of Finance 13 (2007) 5, pp. 405-439

cash tender offers and for acquirers for shares tender offers. The probability of informed trading declines (remains …

Persistent link: https://www.econbiz.de/10005471943

Control Premium in Legally Constrained Markets for Corporate Control: The Italian Case (1993–2003)*

Massari, Mario; Monge, Vittorio; Zanetti, Laura - In: Journal of Management and Governance 10 (2006) 1, pp. 77-110

tender offers and we show the conditions under which we may obtain significant measures of private benefits also when … voluntary tender offers are considered. In order to test for our theoretical predictions, we analyse the pricing of 27 control … trades followed by a mandatory tender offer, while it increases to 18% in the case of voluntary tender offers. The results …

Persistent link: https://www.econbiz.de/10005698980

Do Tender Offers Create Value? New Methods and Evidence

BHAGAT, SANJAI; DONG, MING; HIRSHLEIFER, DAVID A.; … - EconWPA - 2004

Intervention Method, which uses returns associated with intervening events, to estimate value improvements from tender offers …

Persistent link: https://www.econbiz.de/10005413073

A Regulation of Bids for Dual Class Shares. Implication: Two Sharesâ€”One Price

Bechmann, Ken; Raaballe, Johannes - In: European Journal of Law and Economics 15 (2003) 1, pp. 17-46

Persistent link: https://www.econbiz.de/10005674382

Tender Offers and Leverage

Mueller, Holger M; Panunzi, Fausto - C.E.P.R. Discussion Papers - 2003

We examine whether, and why, it matters how tender offers for widely held firms are financed. If tender offers are …

Persistent link: https://www.econbiz.de/10005792536

The Case Against Board Veto in Corporate Takeovers

Bebchuk, Lucian Arye - C.E.P.R. Discussion Papers - 2002

This Paper argues that once undistorted shareholder choice is ensured – which can be done by making it necessary for hostile bidders to win a vote of shareholder support – boards should not have veto power over takeover bids. The Paper considers all of the arguments that have been offered...

Persistent link: https://www.econbiz.de/10005124408

Block Premia in Transfers of Corporate Control

Burkart, Mike; Gromb, Denis; Panunzi, Fausto - C.E.P.R. Discussion Papers - 1998

This paper studies block trades and tender offers as alternative means for transferring corporate control in firms with … strictly prefer to trade the controlling block. From a social point of view, however, this method is inferior to tender offers …

Persistent link: https://www.econbiz.de/10005124491

“QUOTE UNQUOTE”

Wilson, Aubrey - In: Marketing Intelligence & Planning 6 (1988) 2, pp. 12-14

A well‐prepared and presented proposal or tender can give a company a strong competitive edge. It is, however, an aspect of marketing that is often neglected.

Persistent link: https://www.econbiz.de/10014946766