Chen, Sheng-Syan; Chou, Robin K.; Lee, Yun-Chi - In: Journal of Banking & Finance 35 (2011) 9, pp. 2231-2244
Using a sample of acquisition announcements released during trading versus nontrading hours, this study examines how the strategic timing of acquisition announcements determines the impact of the method of payment on target stock returns and competition among bidders. For overnight acquisition...