Boubakri, Narjess; Chan, Andrew; Kooli, Maher - In: Journal of Multinational Financial Management 22 (2012) 1, pp. 1-23
We reexamine the announcement returns for a sample of 4215 U.S. frequent acquirers making 3299 domestic and 916 cross-border acquisitions of public, private and/or subsidiary targets between 1999 and 2010. We find that the market has a much stronger reaction to fifth or higher bids and that...
