Bechmann, Ken L.; Raaballe, Johannes - Copenhagen Business School - 2000
This paper examines the consequences of a certain regulatory restriction on bids <p> for dual class shares. Shares of dierent classes are often argued to have dierent <p> prices because a premium will be paid to the superior voting shares in the case of a <p> tender oer. This paper takes as given a setup...</p></p></p>