The impact of the announcement of a takeover bid has been widely tested in foreign literature. Therefore, the main goal … of this paper is to research the impact of the announcement of a takeover bid on the share price movements in the … takeover bid affects the share prices of the target company, which is consistent with the results of previous research …

of takeover rumors of publicly traded US companies shows that public information on a rumored takeover target … pending takeover will be materialized. To our knowledge, this predictive power of historical CAR for the takeover rumor … historical CARs. This suggests that the market overreacts to takeover rumors that will not be materialized. Furthermore, trading …

’ informational advantage as well as their ability to facilitate future takeover transactions, appear to contribute to peers …

We argue that takeover protections decrease equity value and increase equity risk and stock returns by removing a … anti-takeover laws, both domestically and internationally. In line with our predictions, we find that distressed firms … experience a significant decrease in value and increase in returns and market betas after the passage of anti-takeover laws. Pro-takeover …