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Auerbach, Alan J. (ed.) - 1988

Persistent link: https://www.econbiz.de/10013480864

Bidder Discounts and Target Premia in Takeovers

Jovanovic, Boyan - 2002

When a takeover is announced, the sum of the stock-market values of the firms involved often falls, and the value of … necessarily. We set up a model in which the equilibrium number of takeovers is constrained efficient. Yet, upon news of a takeover …

Persistent link: https://www.econbiz.de/10012469704

Takeover Bids below the Expected Value of Minority Shares

Bebchuk, Lucian Arye - 1988

Focusing on takeover bids whose outcome can be predicted in advance with certainty, Grossman and Hart established the …

Persistent link: https://www.econbiz.de/10012476542

Evidence for the Effects of Mergers on Market Power and Efficiency

Blonigen, Bruce A. - 2016

are robust to a range of approaches to address the endogeneity of firms' merger decisions …

Persistent link: https://www.econbiz.de/10012455930

A Reference Point Theory of Mergers and Acquisitions

Baker, Malcolm - 2009

The use of judgmental anchors or reference points in valuing corporations affects several basic aspects of merger and … acquisition activity including offer prices, deal success, market reaction, and merger waves. Offer prices are biased towards the …, bidder shareholders react increasingly negatively as the offer price is pulled upward toward that price. Merger waves occur …

Persistent link: https://www.econbiz.de/10012463098

Wealth Destruction on a Massive Scale? A Study of Acquiring-Firm Returns in the Recent Merger Wave

Moeller, Sara B. - 2004

Acquiring-firm shareholders lost 12 cents at the announcement of acquisitions for every dollar spent on acquisitions for a total loss of $240 billion from 1998 through 2001, whereas they lost $7 billion in all of the 1980s, or 1.6 cents per dollar spent. Though the announcement losses to...

Persistent link: https://www.econbiz.de/10012468494

Do "Reverse Payment" Settlements of Brand-Generic Patent Disputes in the Pharmaceutical Industry Constitute an Anticompetitive Pay for Delay?

Drake, Keith M. - 2014

Brand and generic drug manufacturers frequently settle patent litigation on terms that include a payment to the generic manufacturer along with a specified date at which the generic would enter the market. The Federal Trade Commission contends that these agreements extend the brand's market...

Persistent link: https://www.econbiz.de/10012458375

Concentrated corporate ownership

Morck, Randall (ed.) - 2000

Persistent link: https://www.econbiz.de/10013480933

Missing Events in Event Studies : Identifying the Effects of Partially-Measured News Surprises

Gürkaynak, Refet S. - 2018

Macroeconomic news announcements are elaborate and multi-dimensional. We consider a framework in which jumps in asset prices around macroeconomic news and monetary policy announcements reflect both the response to observed surprises in headline numbers and latent factors, reflecting other...

Persistent link: https://www.econbiz.de/10012480669

Acquiring Banking Networks

Levine, Ross - 2017

merge and post-merger value creation and synergies? We compile comprehensive information on U.S. bank acquisitions from 1986 …

Persistent link: https://www.econbiz.de/10012455212

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