Using a sample of 186 referrals between 1965 and 2006, we analyse the abnormal returns experienced by UK bidding … companies when a decision is made by UK regulators to refer a merger or acquisition for inquiry and when the decision is …

Frank and Jagannathan (1998) compare ex-dividend drop in share price to the dividend paid in a tax-free environment and … supported in the UK gilt market where tax effects are also likely to be negligible. As there is a time delay from a stock …'s closing price on the cum-dividend day to the ex-dividend day of, usually, up to 3 days, a proxy is used to account for changes …