Antoniou, Antonios; Arbour, Philippe; Zhao, Huainan - In: European Financial Management 14 (2008) 2, pp. 268-287
"Is it too much to pay target firm shareholders a 50% premium on top of market price? Or is it too much to pay a 100% premium when pursuing mergers and acquisitions? How much is too much? In this paper, we examine how the extent of merger premiums paid impacts both the long-run and announcement...