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knowledge of rational machines.Originality/value: To our knowledge, this is the first time that this double-experiment …
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We review recent research into how firms navigate four complex decisions in corporate takeovers: (a) deal initiation, (b) pre-offer toehold acquisition, (c) the initial (public) offer price, and (d) the payment method. We focus the evidence on public targets and the theory on first-price or...
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