Kim, Hwagyun (contributor) - 2009
' abnormal earningsforecast revisions. Empirical results show that the information effect and the synergy areestimated to be … around 4 percent and 22 percent respectively in the 1,372 US samples during 1980-2006. Furthermore, almost all of the synergy … (small capitalization & high book-to-market ratio for targets)takeovers while the synergy is greater in the successful tender …