This paper examines whether post-merger board composition affects the premiums paid to target shareholders. Using a …

&A) transactions, and the associations of these lawsuits with offer completion rates and takeover premia. We find that M&A offers … takeover premia in completed deals, after controlling for the same factors. Economically, the expected rise in takeover premia … shareholders. However, in general, target stock price reactions to bid announcements do not appear to fully anticipate the positive …

This paper analyses lawsuits against shareholders' resolutions according to the German Stock Corporation Act (AktG) and … lawsuit is pending with a court. In particular, mergers have to be implemented without any delay. The minority shareholders … voting power of minority shareholders and create incentives to use the real option inefficiently. Therefore, the majority …