Using an extensive panel of cross-border M&A transactions between 1990 and 2007, we find that firms from developing countries (versus those from developed countries) bid higher on average to acquire assets in developed countries. We are interested in why these higher bids occur. We find that...

Tata Steel shook the world by announcing its move to acquire Corus - the world's ninth-largest steel producer and almost six times its size. The announcement took the global steel industry by surprise because with revenue of $3.2 billion, Tata Steel was not expected to bid for a giant like Corus...

The paper provides evidence that shareholders of acquirer Indian corporations engaging in cross-border transactions experience a statistically significant positive average abnormal return on the announcement day as well as cumulative average abnormal returns over multi-day event windows. The...