-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …

be renegotiated, to feature slower completion times, and to fail even after controlling for merger arbitrage spreads and …

Using acquirer’s risk-factor disclosure in merger filings, we study the risks faced by acquirers in mergers and … acquisitions and how these risks are associated with important merger outcomes. We first establish the validity of acquirer’s risk … diverging relations with acquirer’s post-merger outcomes such as post-merger integration problem and volatility and level of …

-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …

understanding the timing and intensity of public firms' merger activity …

The practice of merger arbitrage is one of the more popular and profitable strategies employed by many hedge funds. At … its core, the strategy is one that earns an excess return for the assumption of a specified risk. Merger arbs purchase … usually trade some measure below the agreed-upon merger price, due to the risk that the merger might not actually occur. If …