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Bidder discounts and target premia in takeovers

Jovanovic, Boyan; Braginskij, Sergej V. - In: The American economic review 94 (2004) 1, pp. 46-56

Persistent link: https://www.econbiz.de/10002030411

Bidder discounts and target premia in takeovers

Jovanovic, Boyan; Braginskij, Sergej V. - 2002

Persistent link: https://www.econbiz.de/10001677417

Limit-pricing and learning-by-doing : a dynamic game with incomplete information

Yang, Ke - In: International journal of business and economics 9 (2010) 3, pp. 201-212

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Bidder Discounts and Target Premia in Takeovers

Jovanovic, Boyan - 2002

When a takeover is announced, the sum of the stock-market values of the firms involved often falls, and the value of the acquirer almost always does. Does this mean that takeovers do not raise the values of the firms involved? Not necessarily. We set up a model in which the equilibrium number of...

Persistent link: https://www.econbiz.de/10012469704