Campbell, Robert; Petrova, Milena; Sirmans, Milena Petrova - European Real Estate Society - ERES - 2007
We examine 111 mergers and acquisitions by public U.S. Real Estate Investment Trusts (REITs) 1997-2005. We find that acquirer abnormal shareholder returns are significantly positive for mergers with private targets and significantly negative for public targets, a result that is consistent with...
