In this study, we examine unsuccessful takeover attempts for new evidence on whether mergers create or destroy value … literature on signaling by investigating whether a takeover attempt signals investors about the quality of firm management as … partially, but not completely, reversed by termination announcement returns, evidence that the merger proposal itself contains …

structural approach to infer acquirers’ gains from merging by interpreting a merger as an auction. Using nonparametric methods …

In merger transactions the value of the share exchange ratio is essential, because it affects the distribution of the … benefits of the merger. The aim of this study is to analyze the impact of announcements of the agreed by boards share exchange … ratios on the valuation of shares of companies involved in the merger as acquiring companies. The method used for measuring …

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 …

governance and legal standards affect the bondholder wealth effects of European merger and acquisitions (M&As).Using investment …

emerging markets–India. To do so, we use event-study method to examine abnormal returns and P/E signaling around the …