overvaluation is higher for stock acquisitions of private targets. We find that the announcement period returns are lower for firms … that are overvalued at the time of acquisition. Announcement period returns are lower for larger acquisitions of public … targets and higher for larger acquisitions of private targets. We also examine the factors that determine stock as the method …

We examine the announcement and post-acquisition share returns of 4,000 acquisitions by U.K. public firms during 1984 …-1998. We include acquisitions of domestic and cross-border targets, and of both publicly quoted and privately held targets. In … acquisitions of domestic public targets, abnormal returns are negative over both the announcement and post-acquisition period. In …

We examine cross-border acquisitions of private and public targets by U.S. firms by employing self selection models. We … are particularly interested in the roles of country-level liquidity and transparency in cross-border acquisitions. Our … selection, country liquidity is no longer a key determinant of acquirer returns in cross-border acquisitions. Our results are …

We examine three aspects of investors? divergence of opinion in the context of takeovers.First we examine the effect of …