-period model allows for the arrival of new information and renegotiation after the signing of an initial merger agreement but … to the target to terminate the merger, where the strike on the option compensates the acquirer's deal-specific effort … without imposing excessive costs on the target for pursuing non-merger alternatives. The option strike can be implemented by …

-period model allows for the arrival of new information and renegotiation after the signing of an initial merger agreement but … option to the target to terminate the merger, where the strike on the option compensates the acquirer's deal-specific effort … without imposing excessive costs on the target for pursuing non-merger alternatives. The option strike can be implemented by …

from 44 to 69 million USD. I find that a proposed merger between TimeWarner and Comcast that was challenged by the Federal …