Boone, Audra L. (contributor); … - 2002 - [Elektronische Ressource]
detail the private auction process that is initiated and conducted by the selling firms and their investment banks. In the … private auction, 80 percent of the selling firms have multiple bidders, even though only 20 percent of these cases have more … than one publicly announced bidder. The depth of the private auction affects the runup of stock prices prior to the formal …
