lawsuit is pending with a court. In particular, mergers have to be implemented without any delay. The minority shareholders …This paper analyses lawsuits against shareholders' resolutions according to the German Stock Corporation Act (AktG) and … the German Reorganisation Act (UmwG). A merger passed at the General Annual Meeting will not move forward as long as any …

disbursement of free cash. -- Stock Repurchases ; Stock Buybacks ; Payout Policy ; Timing ; Bid-Ask Spread ; Liquidity …

We examine the expected economic benefits of mergers and acquisitions. We conclude that both signaling and revelation …

We hypothesize that macro-level liquidity affects the choice between tender-mergers and mergers. We employ a novel … methodology to test this relationship. This method finds structural breaks in the number of tender-mergers relative to mergers and … finds that the structural breaks coincide strikingly well with major changes in macro-level liquidity. Consistent with our …

determine the role of security specific liquidity associated with those ADRs and their underlying H-shares on return spreads … returns and their respective price inverses denoting conditional betas. We use three proxies for liquidity, trading volume …

This study explores the investment behavior of underperforming chief executive officers (CEOs) on merger frequency and … the effect on acquirers’ shareholder wealth of merger bids in U.S. industrial firms. We find that underperforming CEOs are … wealth, we find that there is no evidence to indicate that underperforming CEOs perform more poorly with a merger bid …