Lauterbach, Beni; Lyandres, Evgeny; Mugerman, Yevgeny; … - 2021
We develop a model of freeze-out merger and tender offers and test it in an economy where merger and tender regulation are extremely different. Using a relatively large sample of 329 freeze-out offers in Israel during 2000-2019, we document evidence consistent with the model. We also find that...