Boubaker, Sabri; Cellier, Alexis; Rouatbi, Wael - In: Journal of Banking & Finance 43 (2014) C, pp. 226-246
The present study investigates the sources of shareholder wealth gains – as measured by cumulative abnormal returns and premiums – from going private transactions (GPTs). Using data for 314 GPTs from 18 Western European countries, we find that the announcements of GPTs generate a cumulative...