Renneboog, Luc; Simons, T.; Wright, M. - Tilburg University, Center for Economic Research - 2005
This paper examines the magnitude and the sources of the expected shareholder gains in UK public to private transactions (PTPs) in the second wave from 1997-2003.Pre-transaction shareholders on average receive a premium of 40% and the share price reaction to the PTP announcement is about 30%.The...