. Therefore, this study aims to close this gap by exploring the effect of merger announcements on CDS spreads empirically. A …

We examine the determinants of voluntary synergy disclosure by target companies during takeover bids. The sample … contains 124 French takeover bids between 1999 and 2011. The variables assumed to influence the targets' synergy disclosure are …

private merger negotiation process affects bidding strategies. Weprovide strong evidence that market reactions to information … events during the private sale processhave a substantial impact on takeover prices. However, the sensitivity of private bids … duringmerger negotiations have important implications for takeover costs …

of targets, bidders, and their peers upon takeover announcement, and closing or withdrawal. We distinguish five common M … investors believe in gains through the exploitation of market power by the post-merger entity. In a multinomial logistic model …

analysis of takeover rumors of publically traded US companies from 1990 to 2008 shows that these two types of rumors can be … statistically distinguished by returns of rumored takeover targets before rumor publication. However, market responses to the rumors …, takeover premiums of sampled targets cannot be explained by markup pricing hypothesis although the hypothesis is supported by …