low-value mergers, the “pecking order” theory offers a different perspective, where managers conserve cash flow to … undertake positive NPV investments. We argue that the stronger position of shareholders, as opposed to firm managers, in the UK …

We develop and test hypotheses on the impact of target shareholders investment style preferences on the method of … payment and premiums in acquisitions. Stock offers (unlike cash offers) allow target shareholders to defer capital gains taxes …. This deferral value, however, depends on target shareholders willingness to retain acquirer stock. The empirical findings …

The paper examines the returns to shareholders of acquiring companies in India during the period 2003-08. The abnormal … or unlisted) acquired on the stock returns of the acquiring companies' shareholders.The results indicate that M …&A generate statistically significant abnormal returns on the announcement as well as higher post M&A returns for shareholders of …

. The aim of the present paper is to investigate the returns to acquirer shareholders in the case when a combination of cash … abnormal return to the shareholders of 14 acquiring companies in India during the period 2003-08. The results indicate …