important in merger arbitrage, where deal failure is a key risk. In this paper, I propose a dynamic asset pricing model that … addition, the model accurately predicts that merger arbitrage exhibits low volatility and a large Sharpe ratio when deals are …

important in merger arbitrage, where deal failure is a key risk. In this paper, I propose a dynamic asset pricing model that … addition, the model accurately predicts that merger arbitrage exhibits low volatility and a large Sharpe ratio when deals are …

spotlight on contracting practices that embedded optionality into merger agreements by way of the reverse termination fee and … Delaware cases over the last decade limited the degree to which buyers could rely on deal protection measures in merger … elsewhere in the merger agreement. This article investigates whether the termination triggers that accompany reverse termination …

This paper offers new evidence on informed trading around merger and acquisition announcements from the UK equity and …

In this paper, we use call option prices to identify synergies and news from merger and acquisition (M&A) transaction …