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emerge. Rather, tendered shares cycle around the equilibrium level with successful takeovers occuring more often toward the …We study the tendering decisions of shareholders endowed with multiple shares to test game-theoretic models of the … tendering process in the laboratory. An equilibrium outcome in which value-increasing takeovers always just succeed fails to …
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emerge. Rather, tendered shares cycle around the equilibrium level with successful takeovers occuring more often toward the …We study the tendering decisions of shareholders endowed with multiple shares to test game-theoretic models of the … tendering process in the laboratory. An equilibrium outcome in which value-increasing takeovers always just succeed fails to …
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group and the maximum parent's cash inflow from shares exchange. The value of this research to show the possibility for a …
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