Agrawal, Anup; Nasser, Tareque - In: Journal of Corporate Finance 18 (2012) 3, pp. 598-625
We examine open market stock trades by registered insiders in about 3700 targets of takeovers announced during 1988 …-in-differences regressions of several insider trading measures, we find no evidence that insiders increase their purchases before takeover … takeover completion, such as friendly deals, and deals with a single bidder, domestic acquirer, or less regulated target. The …