-bid runup in the target's stock, generally increases the total cost of the acquisition. That is, information leakage and the …-bid runup in the target's stock, generally increases the total cost of the acquisition. That is, information leakage and the …

assets (gold, oil, and stocks) covering the period from 1987 to 2012. The analysis is performed on both intra-day and daily …. Heterogeneity prevails in correlations between gold and stocks. After the 2008 crisis, correlations among all three assets increase …