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 …

Although there are numerous studies examining takeover effects, there are very few that focus on emerging stock markets … firms when applied different methods. This research features a study of takeover effects on one such emerging market: the … takeover were investigated using more advanced methodologies and metrics. Their long-term bid period returns were measured by …

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 …