Franks, Julian R; Harris, Robert; Mayer, Colin - C.E.P.R. Discussion Papers - 1987
2,500 acquisitions in the United Kingdom and United States are used to examine means of payment in acquisitions. There has been a substantial increase in the proportion of acquisitions financed with cash in the United States over the period of the study from 1955 to 1985. Mixed bids are more...
