measure. A larger acquirer size is associated with a larger takeover size, but a lesser target ratio is relative to the size …

for takeover premia. Auctions increase the price obtained by the target, but reduce welfare compared to negotiation …

findings suggest that the shareholders of target firms earn significantly positive abnormal returns on takeover announcements … firms, there was no market reaction on takeover announcements. Apparently, there was some evidence that bidders experienced … post-event positive wealth effects on takeover announcements. But this was not true for the majority as the significant …

Takeover attempts from raiders with prior stakes in the target company (toeholds) are frequent in the market for … procedure outperforms, in terms of expected target price, conventional auctions frequently used to model takeover battles …

We propose that an active takeover market provides incentives by offering acquisition opportunities to successful … performance-based pay are non-monotonic in the intensity of the takeover threat. In firms with weak boards, turnover (performance …-based pay) increases (decreases) with the intensity of the takeover threat. When choosing its acquisition policy and the quality …