This study finds that pro-forma earnings forecasts by bidding firms during acquisitions are associated with a higher …

An increasing fraction of M&A deals are announced on the same day in which the bidder reports its quarterly earnings, a … disclosure. Reported earnings of bundling acquirers are lower than those of other bidders. Bidders engage in bundling in moments … of high investor attention, good earnings reports in the target industry, and when analysts' views about the firm are …