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The optimal bidding strategy for the initial bidder in takeover contests is investigated. IN the model, the initial … auction process among bidders, and both information and bidding costs are included in the analysis. Optimal strategies are …
Persistent link: https://www.econbiz.de/10005478979
This paper empirically investigates the causes and immediate consequences of hostile takeovers in the U.S. over the 1990-1995 period. We find no indications of poor target performance over the five years prior to the takeover announcement. However, there is strong evidence that hostile takeovers...
Persistent link: https://www.econbiz.de/10005634265
This paper investigates the optimal bidding strategy for the initial bidder in takeover contests. In the theoretical … to a competitive auction process among bidders, and both information and bidding costs are included in the analysis …
Persistent link: https://www.econbiz.de/10005634276
The preemptive role of the mean of payment in a takeover contest is analysed following the bidder's point of view.
Persistent link: https://www.econbiz.de/10005669379