Madura, Jeff; Ngo, Thanh; Viale, Ariel M. - In: Journal of Banking & Finance 35 (2011) 9, pp. 2468-2478
We investigate the informational role of the takeover premium as a forward looking price to expected synergies in the global market for corporate control. We find that premiums paid in the global market for corporate control are clustered in waves and driven to some extent by the US premium....