I explore the incidence, amounts, disclosure and potential sources of bargain purchase gains reported by an Australian sample of firms during 2013-15. I find that 7.58% of the acquirers reported bargain purchase gains during this period. The median gain as a percentage of consideration...

This paper analyses deal protection devices, specifically termination fees and lockup agreements, that are entered into by publicly listed target companies in favour of the preferred bidders under Anglo-American law. US (specifically Delaware) and UK law and regulation differ markedly in the...

This chapter considers how corporate governance concerns are reflected in the approach to regulating friendly takeover transactions in two countries with similar capital markets and institutional frameworks, the United States (U.S.) and the United Kingdom (U.K.). With respect to friendly...