de Jong, Abe; Roosenboom, Peter; Schramade, Willem - In: Journal of Multinational Financial Management 19 (2009) 5, pp. 355-369
This paper investigates the wealth effects of European cash tender offers for bonds during the period from 1996 to 2005. European bond offers are made to refinance (35% of cases), to reduce debt (40%) or triggered by an ownership change (25%). We investigate the wealth effects to both...