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This paper looks at divestitures by 144 UK firms listed on the London Stock Exchange from 1985 to 1991 and investigates whether and how accurately investors price the firm's option to abandon assets in exchange for their exit value. Theory prices this real option as an American style put and the...
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synergies and implications of the proposed merger between NYSE Euronext and Deutsche Börse, which he sees as a continuation of … approach in the merger test, which would induce the Commission to impose rigorous conditions to clear the deal. The author also …
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